CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28200 R1-27900 S1-27300 S2-27000
Gold settled up buoyed by dovish language out of Fed as well as concerns the U.S. may get dragged deeper into the Iraqi insurgency.
The yellow metal posted its biggest weekly gain in three months due to a violent military insurgence in Iraq and a softer dollar.
Fed Chairwoman gave a positive assessment of the U.S. economy and reiterated that rates would stay low for a long time.
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