GLD Pulls Back From $428 High as Crude Holds $80 Floor
GLD, the SPDR Gold Shares ETF, closed at $421.32 on Wednesday, down 1.58% after tagging a fresh cycle high of $428.07 in Tuesday's session. Gold futures (GC=F) held firmer near $4,659.10 an ounce Thursday morning, up 0.12%, which tells you the ETF move is closer to profit-taking than a break in trend.
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Key Takeaways GLD closed $421.32 Wednesday, down 1.58% from Tuesday's cycle high of $428.07. Gold futures (GC=F) traded near $4,659.10/oz Thursday, up 0.12%, decoupled from the ETF pullback. Silve…
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