We still see Gold moving higher and believe it has strong upward momentum having risen above $1600 on the back of continued fears surrounding the spread of the coronavirus. Additionally with central banks likely to cut rates further this year we see significant upside potential for the precious metal as it is popular safe haven for investors.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.