After a slow start to the week, the gold market found some momentum and we are now managing to hold above $1,200 an ounce; however, the market remains stuck within its current trading range. The question still remains: can gold break out and push higher?
For many, the answer to that question lies with the Federal Reserve. The gold market this week has benefited from shifting expectations as U.S. economic data continues to come in below expectations.

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