UBS on gold … costs managing to carry above the $1280 assist space is encouraging
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This snippet from UBS on gold appears notably pertinent given the place the gold value is as I submit.
we predict near-term stress on gold is understandableprices managing to carry above the $1280 assist space is encouragingthis consolidation as a chance to regularly construct a strategic place in goldBut for now, the extent of the dovish shift in Fed expectations has made gold susceptible to enchancment within the information throughout a time when bodily markets are typically quieter.
bodily demand out of China has been weak this yearinterest out of India has been resilientCentral financial institution exercise has been one other supply of assist for gold – robust web shopping for from 2018 has prolonged into this yr
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