Gold still on cloud nine ahead of European morning trade ...Middle East

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Gold still on cloud nine ahead of European morning trade
After a torrid start to the year, gold has more than made up for it with a record-breaking March month. The precious metal is nearing 8% gains this month, as it roars back to $2,200 after having briefly dipped below $2,000 during February trading.I remember the latter quite vividly as gold initially dipped after the US CPI data at the time. And then rebounding slightly after on softer US retail sales data in the same week. The bounce also coincided with a key technical point, with buyers putting up a defense at the 100-day moving average.Following which, it has been one-way traffic for gold in the last three weeks. And that's quite something despite a not-too-heavy shift in market sentiment

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