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Gold on track for $6,000? Is it delusion or destiny?

From invezz.com

Gold’s explosive rally has stunned markets this year. Spot and Comex gold have breached $4,000 an ounce for the first time, marking a more than 50% surge year-to-date – the strongest rally since the 1970s. Investor appetite is surging, with gold ETFs like SPDR seeing record inflows: $13 billion in the past month and $60 billion so far this year, according to the World Gold Council. Still, David Neuhauser, CIO of Livermore Partners, believes the rally is far from over. “Seeing gold trade somewhere around $6,000 an ounce is not so far away,” he told CNBC, citing macro instability and investor anxiety as key drivers. ... (full story)

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  • Category: Fundamental Analysis