The Bullion King of India said, "The gold market, seeing a solid breakout from last month's two-year lows, appears to be getting cosy around $1,780 an ounce; however, one bank is cautioning investors that gold's recovery looks fragile." Despite this rise, there is some scepticism in the market as gold prices have a chance to retest support at $1,750 per ounce. Large and small investors both went on to sell their exchange-traded gold securities.
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