Gold tests yearly high and holds firm
Gold prices ended the week at $1341, slightly off the Thursday peak of $1352 (Kitco: London AM Fix).
Gold prices ended the week at $1341, slightly off the Thursday peak of $1352 (Kitco: London AM Fix). These levels represent a 52-week high, however only about 3% over the same level of $1305 one year ago. Experts seem to agree that the fundamentals are in a great position to improve from here given the open-ended trade war with China, and mounting crises in the Middle East. While nobody can predict the future of commodity prices, my personal view is that next week should be good for gold spot prices.
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Author: John Feigenbaum
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