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Gold outlook still bullish thanks to supportive fundamentals
Since early 2017, gold has strengthened from lows below $1,080 to around $1,340 today. The underlying factors that have helped gold strengthen since that time remain intact. We argue that gold should continue strengthening in the longer-term thanks to (1) moderate sentiment, (2) continued weakness in the US dollar, and (3) a weak outlook for real interest rates. While recent price action is somewhat concerning, gold remains in a clearly bullish trend. Gold bulls are few and far between Despite the 20%+ rally in gold since 2017, gold bulls are nowhere to be found. This isn’t entirely surprising given fears of ... (full story)
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- Feb 20, 2018 2:06pm Feb 20, 2018 2:06pm
- KeenPips
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- Edited 4:07pm Feb 20, 2018 2:13pm | Edited 4:07pm
- Tony112
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- Feb 20, 2018 6:15pm Feb 20, 2018 6:15pm
- LuKa12
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