Gold opened the week at $1776.81 per oz and has been flat most of the week. After the Federal Reserve made the announcement on Wednesday that they would be continuing the loose monetary policy they have been pursuing during the Covid pandemic by keeping interest rates at almost 0% as expected, gold moved down slightly. Even with the week ending on a bit of a slow but down beat, we are sitting just above support based on the 50-period moving average. Current trading late in the Friday session is right at $1770 for just a modest decline for the…

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Bill Poulos is an author, retired automotive executive (General Motors), and co-founder of Profits Run, Inc. Bill offers insight into the economy and trading.

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