Gold bullion has revealed strength in recent weeks, breaking out on a technical basis partly due to a more dovish-than-expected Federal Reserve stance on interest rate policies, trade war speculation that fueled safe-haven bets and a relatively weak U.S. dollar that helped support demand for the USD-denominated gold bullion.
Furthermore, demand among emerging market countries remains robust. According to the World Gold Council, demand in both China and India, two of the largest gold consuming countries in the world, saw strong demand in 2017.
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