LHG unknown

UBS cuts 1-month gold forecast to $535 from $580 after metal's...

  1. evm
    467 Posts.
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    22/03/06
    11:00
    Post #: 1447244
    UBS cuts 1-month gold forecast to $535 from $580 after metal's recent inability to rally despite higher silver, base metals, weaker USD; apparent absence of physical demand means further declines lacking support. Seems illogical, but Germany's decision not to make further gold sales could speed up European central bank selling given Germany will transfer 120-ton quota to another signatory, says UBS' John Reade.
    LHG Price at posting: 0.0¢ Sentiment: Sell Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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