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Precious metals Watch – We remain positive on gold

Natural resourcesPrecious metals

Introduction Gold prices peaked on 20 February 2019 at USD 1,346 per ounce and weakened between the end of February and last week. A somewhat stronger US dollar was the main reason for this. Gold prices dropped to below USD 1,300 per ounce and approached the 200-day moving average at around USD 1,260 per ounce.