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Fed uncertainty weighs on gold, but prices are going higher this year - NDR’s Tim Hayes

From kitco.com

Investors should expect to see higher volatility in the gold market as the precious metal continues to defy expectations but looks increasingly vulnerable in the near term, according to one market analyst. In a recent interview with Kitco News, Tim Hayes, Chief Global Investment Strategist at Ned Davis Research, said that he expects gold prices to eventually surpass last month's record highs above $2,448 an ounce, but the breakout might not happen until the Federal Reserve actually pulls the trigger on rate cuts. Hayes' qualified bullish outlook comes as the precious metal has been unable to hold last week's gains ... (full story)

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  • Category: Fundamental Analysis