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Gold Weekly Chart: Breakout Rally Pushes Prices Above $3,750, Momentum Remains Strong

GOLD was closed on Friday at weekly higher levels after testing the low level of $ 3685 in the same weekly trading session as Gold remained above $3,750 per ounce on Friday, near the record-high of $3,790 despite the rebound for the dollar and Treasury yields as demand for safety offset the outlook of a less-dovish Federal Reserve. The US Presidential administration reignited concerns of restrictive trade policy after planning to impose aggressive tariffs on patented pharmaceutical goods and other medical equipment.