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As gold scales all-time highs, Wall Street analysts say it has even further to go

From cnbc.com

Gold prices pushed higher Tuesday after futures pricing for the precious metal notched fresh records in the previous two sessions — with analysts seeing strength lasting at least into the second half of the year. The gold contract for April on Monday closed above $2,100 per ounce for the first time, and was up 0.37% at $2,134.2 at 1:15 p.m. in London. Spot gold was trading 0.7% higher at $2,129, though market-watchers note that in real terms, adjusted for inflation, gold is well below past peaks. In a Monday note, analysts at Citi described themselves as “medium-term bullion bulls,” calling a 25% probability of gold ... (full story)

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  • Category: Fundamental Analysis