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Look For 'Stronger Gold Price Into Year-End' - Analyst

From kitco.com

The macro environment is finally set-up in a way that favors gold prices, according to one analyst. The two biggest factors that are likely to drive gold higher into the year-end are the Federal Reserve and the U.S.-China trade war truce, Metal Bulletin precious metals analyst Boris Mikanikrezai wrote in a Seeking Alpha post on Tuesday. “The dovish turn of the Fed and the trade war truce are conducive to a stronger gold price into year-end,” Mikanikrezai wrote. “I expect gold prices to push still higher into year-end.” Gold is already off to a good start this week, with the February Comex gold futures last trading at ... (full story)

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  • Category: Fundamental Analysis