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Gold Gains as a Result of Geopolitical Events

Last week and this Monday, gold has gained and so did silver, on behalf of geopolitical events in the Ukraine and Iraq.

During times of conflicts, commodity prices tend to rise and precious metals gain as a result of financial safe haven demand.

Gold surpassed 1,280 $ and silver reached above 19.70 $. While the latter has surpassed May price levels, gold is still below the previous month's high.

It remains to be seen whether this is a temporary small spike or part of a longer bullish trend that's about to start.

Most analysts seem positive about this rise: gold is expected to surpass 1,300 $ and silver 20 $.

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