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Long term factors support further gold price growth

From thearmchairtrader.com

Since bottoming out around $3,245/oz, gold has experienced an impressive rally, supported by several long-term structural factors. Chief among them are escalating geopolitical risks, expectations of a shift in monetary policy, and sustained accumulation by central banks. These three pillars are converging to create a favorable environment for gold to continue asserting its role as a safe-haven and store of value asset. Geopolitical risk is a key driver for gold price Geopolitical risks remain a key catalyst driving defensive demand in global markets. The situation in Eastern Europe remains at an impasse, with Russia ... (full story)

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  • Category: Fundamental Analysis