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Gold has been all the rage lately as the yellow metal has made a return to the front page of the financial news. Gold broke out of its $331.30 trading range dating back to 2014 to the upside in June. The price has moved to over $1500 per ounce and remained not far below its most recent high at $1531.40 on August 14 on the continuous futures contract.
In late 2015, the price of the yellow metal fell to a bottom at $1046.20 per ounce. At the $1515 level, gold is close to 45% higher