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Gold prices will be rangebound through the summer - Metals Focus
Although gold has managed to reclaim support above $4,100 an ounce, one research firm is warning investors that a decisive bullish breakout is likely to remain out of reach as renewed turmoil in the Middle East keeps inflation pressures elevated and reinforces expectations for tighter U.S. monetary policy. According to commodity analysts at Metals Focus, renewed conflict between the United States and Iran is supporting higher energy prices, fueling inflation concerns and forcing the Federal Reserve to maintain its new tightening bias. The analysts expect those dynamics to keep gold trading in a broad range through ... (full story)
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