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Kitco News) Gold is holding above $1,800 an ounce level, but analysts say that one key driver could either help gold rally to $1,920 an ounce or trigger another selloff to $1,600 next week.
That key driver is the U.S. dollar, RJO Futures senior commodities broker Daniel Pavilonis told Kitco News
It is the rising U.S. debt-to-GDP and continuous quantitative easing that will eventually help gold rise back towards $2,000 an ounce, McGlone noted on Friday.