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Gold on the Verge of Breakout Bullish Flag Signals Momentum Toward All-Time Highs

GOLD was closed on Friday at weekly lower levels after testing the high level of $ 3356 in the same weekly trading session as holding its slight pullback and set for a near 2% decline on the week as strong economic data countered demand for safety due to fresh risks of trade wars. New data showed that personal income in the US rose much more than expected in April, while expenditure and prices rose in line with expectations.