Gold nears $2000 with gains in three of the past four days

<p>Falling Treasury yields and a weaker US dollar have helped gold gain in 3 of the 4 trading days this week. Today it's up $24 to $1983 after starting the week at $1935.</p><p>One of the under-the-rader moves in the fixed income market this month is the fall in real yields. The combination of lower implied inflation and the pining for Fed rate cuts — along with decent global growth — is a good sign for good. In addition, China and Russia continue to accumulate reserves.</p><p>Seasonally, there is a great tailwind from gold starting in December and technically, the latest dip was right in the 50% range of the October rally, which is bullish if $2010 can break.</p>

This article was written by Adam Button at www.forexlive.com.

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