Gold Breaks Above $1,300; What Happens Next?

Gold prices jumped on Friday morning, finally breaking above the key psychological level of $1,300 as risk-off sentiment dominated the markets. This is the first time this year that gold has managed to breach that level. And, despite profit-taking in afternoon trading, analysts still expect the metal to push higher. December gold was last up $3.00 an ounce at $1,295.50.


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