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AAAU - Sitting Near The Lows As Gold Waits For 2020
Goldman Sachs Physical Gold ETF
Last Friday, the price of gold was sitting around the $1479 per ounce level on the active month February futures contract on the COMEX division of the CME. Gold was a star-performer in 2019, and the price is on track to post a double-digit percentage gain on the year.
Gold took off on the upside in June when the US Fed told markets to expect lower interest rates by the end of 2019. The yellow metal surged above its level of critical technical resistance at the July 2016 high of $1377.50 per ounce. The Fed