Gold's Next Massive Rally Will See The Metal Head Towards $1,500, Says TD Securities

From kitco.com

Gold’s rally is temporarily exhausted, and prices are likely to remain range-bound until a new wave of bullish sentiment takes the metal towards the $1,500 level, according to TD Securities. Solid U.S. economic data will keep a lid on gold prices for the rest of the year with markets unable to price in an aggressively dovish Federal Reserve, strategists at TD Securities said on Monday. “For much of the next six months, gold investors will likely bet that the Fed will reduce rates — but not as aggressively as the Fed Funds futures curve would suggest. Stable inflation and still decent US economic numbers are the ... (full story)