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Gold Steadies Below $1280

By Stuart McPhee

Gold for Tuesday, February 3, 2015

Gold enjoyed a very solid few weeks which saw it surge to a five month high near $1308, before easing back over the last week or so back down to near $1250. It has since rallied and is presently trading right around $1280 after running into some resistance around that area. A couple of weeks ago gold eased back a little and steadied below the $1280 level after surging to that area and a four month high, before its recent strong surge…