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Although the gold market has actually struggled to hang on to $2,000 an ounce, one market analyst urges investors to look past the present volatility and concentrate on the more comprehensive fad currently in place.
Adam Switch, primary money strategist at Forexlive.com, stated that he sees the current price activity as a healthy consolidation period.
" If you consider a long-lasting booming market, you don't wish to see a nonstop allegorical move," he said.
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A split congress in November would be bad for gold – Forexlive.com
Although the gold market has struggled to hold on to $2,000 an ounce, one market analyst encourages investors to look past the current volatility and focus on the broader trend currently in place.
Adam Button, chief currency strategist at Forexlive.com, said that he sees the current price action as a healthy consolidation period.
"If you think about a long-term bull market, you don't want to see a nonstop parabolic move," he said.
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