Commodity Trade Mantra

Posts Tagged ‘Safety of Gold’

Gold Heading to $1,500, but Silver can Overshoot $30: Bank of America

Macroeconomic uncertainty in the UK, Eurozone and US remains elevated. The world has been & will keep on walking from crisis to crisis. The importance of that dynamic for gold and silver is mirrored by the high correlation between potential US GDP growth & gold quotations. With even the sellside starting to turn now, there may be more upside as the slow money starts to move in.

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