Gold slips back on technical resistanceGold started off well this week, but fell back Thursday when those with long positions sold — after technical analysis revealed that the precious metal failed to break through its 50-day moving average, according to Kitco. Other factors in gold's lackluster performance included news of a decline in US jobless claims, higher gold import duties from India, and a decision by the US Congress to keep borrowing money to pay America's bills until the middle of May. The latter siphoned off some safe-haven demand for gold.
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