We still have a long view on Gold despite the precious metal struggling to continue it's upward momentum above multi year highs above $1700. This is due to the continued uncertainty surrounding the virus and global equity markets even with their rebound as a result of QE and rate cuts. Our long term target is still for Gold to surpass all time highs and challenge $2000 at some stage this year.
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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.