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Gold Price Poised to Knock Out Another 7-Year High: 3 Reasons Why

The price of gold rallied 0.9% to $1,590.70/oz. on Thursday, the highest in three weeks. A combination of technical and fundamental forces has bullion hitting new seven-year highs this quarter. Inflows into gold exchange-traded funds (ETFs) have already hit seven-year peaks. The price of gold rallied sharply on Thursday, as coronavirus fears overshadowed economic data,…