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Why gold’s ‘strong undercurrent’ has some analysts eyeing $2,000 an ounce

From marketwatch.com

Gold has benefited from a spate of supportive factors over the past few months, and some bulls now see the precious metal making a climb to a record high of $2,000 an ounce. It will need more fuel to make that move, however, and the timeline for that rally remains uncertain. “There has been a strong undercurrent of demand for gold,” said Brien Lundin, editor of Gold Newsletter. “Even as short term factors like the China trade dispute may come and go, longer-term investors are confident that the issues of monetary debasement and other geopolitical factors will continue to impact the market.” December gold futures ... (full story)

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  • Category: Fundamental Analysis