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Gold could hit $5,800 if U.S.-Iran conflict escalates - Natixis’ Dahdah
Geopolitical uncertainty, driven by renewed tensions in the Middle East, has created new momentum in the gold market, and if tensions escalate, prices could easily hit new all-time highs, according to one bank. In his latest precious metals report published Friday, Bernard Dahdah, precious metals analyst at Natixis, said that after looking at previous conflicts, gold prices could rally 15% on renewed safe-haven demand if the U.S. government’s showdown with Iran escalates. “Much of the price increase would take place in the first couple of weeks. After which, we expect that prices would start coming off as the ... (full story)