Gold has extended its rally with prices reaching their highest level in more than nine years this week. The precious metal has been doing very well lately as investors are clamoring for safe haven assets amid market volatility.
Gold surged above $1,800 on Tuesday, closing above that key resistance level. This is its highest value since 2011, and the second attempt to trade and close above $1,800 over the last month. The metal was trading up 0.2 percent on Wednesday, at $1,799 per ounce.
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