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BZ Chart Of The Day: Is It Finally Time To Buy Gold?

Gold is oversold and at support. That means it may be time to buy the commodity. The downtrend that started in March may be over. The term "oversold" refers to a security’s momentum. This is a measure of how far it has moved in a given time. If it gets sold aggressively and pushed below its typical range, traders say it’s oversold.

GDX

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Dow Jumps More Than 100 Points Following Release Of Fed Minutes

U.S. stocks traded higher toward the end of trading, following the release of minutes from the recent Federal Reserve meeting, which suggest inflation remains the central bank's top priority. The country's central bank reiterated its prior intentions to do whatever it takes to bring inflation down.

AMTI