Gold pauses above $1700 but bullish outlook remains
Saxo Bank: Ole Hansen Head of Commodity Strategy, 2020-04-16
”Summary: Following the dash-for-cash sell off last month gold has rallied strongly to a seven-year high above $1700/oz. Despite the need to consolidate, and with that the risk of another mini correction, our long term view remains firmly bullish. The level of stimulus currently going into the global economy is likely to support gold over the coming years with yield curve controls likely to push real yields deeper into negative territory.”
https://www.home.saxo/en-gb/content/articles/commodities/precious-metal-update-16042020
Kind regards,
Gold pauses above $1700 but bullish outlook remains Saxo Bank:...
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