After gaining nearly 7% in April, gold prices are consolidating near highs. The price action is forming a bullish pennant chart formation that can extend the current uptrend to $1,900 in the coming weeks. Fundamental analysis: Gold mines to start running soon The COVID-19 outbreak has caused a halt in manufacturing activities across the globe and the gold mines are no different. Still, the world’s largest gold mining company – Newmont (NYSE:NEM) – is managing to keep its mines operational. “It’s around separation on buses, separation on airplanes, separation in dining rooms. You have to maintain that six-feet distance,” Tom
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