Not even a jolt from the Federal Reserve may be enough to help gold futures sustain their best start to a year on record. In the seven sessions through Monday, the metal managed only one gain, which came the day after the Fed signaled it would raise interest rates two times this year instead of the four it projected in December. The moving average convergence-divergence indicator, a gauge of price momentum, hasn’t been able to hold above the so-called signal line since Feb. 26, one of the “warning signs that the short-term rally in gold could be coming to an end,” said Gary Christie, a senior technical analyst at Trading Central in Ottawa, Canada.
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