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12 Mar 2014
Gold reaches $1,370, fresh 5-month high
FXStreet (Córdoba) - The yellow metal is rising sharply on Wednesday and during the American session printed a fresh 5-month high at $1,370.80. Afterwards pulled back slightly to $1,365 and near Wall Street close trades at $1,367 headed toward the highest daily close since September 9.
Gold is rising for the second day in a row, having the best day since January 23. Price gained upside momentum after breaking above $1,355 that capped the rally in the previous days.
Silver is also rising on Monday but at a moderate pace. While XAU/USD trades at 2014 highs, XAG/USD is at 3-day highs at $21.30 after bouncing from below $21.00.
Gold is rising for the second day in a row, having the best day since January 23. Price gained upside momentum after breaking above $1,355 that capped the rally in the previous days.
Silver is also rising on Monday but at a moderate pace. While XAU/USD trades at 2014 highs, XAG/USD is at 3-day highs at $21.30 after bouncing from below $21.00.