Gold forecast: Could XAU/USD drop amid weaker haven demand?
From forex.com
Gold was trading higher first thing this morning, despite hopes that the US and China will put their differences aside and work on a trade deal. That optimism has helped to fuel a big rally in stock prices in recent weeks, which has reduced demand for haven assets a little -- hence, we haven’t seen a fresh record for gold since it peaked at $3,500 in April. With high-level US-China trade talks set to take place in London today, there is the potential for more optimism to emerge, after a "very positive" Trump-Xi call last week. Against this backdrop, the near-term gold forecast doesn’t appear too bullish. What’s ...
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