Gold futures lost 0.56% last Friday, as it retraced some of the recent rally. The market has bounced off its mid-April local high. On April 14 it was the highest since November of 2012 and the daily high was at $1,788.80. Since then we've seen some profit-taking action and a potential downward reversal. But gold began acting as a s asset again. It rallied last week and got closer to the mentioned medium-term high.
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