XAUSD : Gold will increase and hit resistance levels and will de
Expert Bart Melek, commodity strategist at TD Securities, said investors taking profits and being cautious with risky assets have put pressure on gold prices.
Gold prices are likely to head towards $1,880/ounce and could soon break the $1,900/ounce threshold.
According to Mr. Edward Moya, in the short term, this is the time to buy, even if bond yields rise higher. With so much economic uncertainty, there are many factors supporting gold's bullish trend.
Gold prices are likely to head towards $1,880/ounce and could soon break the $1,900/ounce threshold.
According to Mr. Edward Moya, in the short term, this is the time to buy, even if bond yields rise higher. With so much economic uncertainty, there are many factors supporting gold's bullish trend.
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