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Gold prices hold at $1607.00/oz - on the high side of the day's range of $1584.13 to $1607.01. After posting a new life-high of $1609.51
Tuesday, the precious metal fell to a low of $1581 a day later as market players trimmed positions ahead of the EU Summit. But still managed to close around $1600. Gold consolidated Thursday. According to James Moore, precious metals analyst at TheBullionDesk, "initial support is expected around $1585/$1575".
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