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Jan 03 - 07:55 AM

Gold - Could Soon Reach $3000/Oz

By Jeremy Boulton  —  Jan 03 - 05:51 AM

• Recent risk aversion weighing stocks/EM FX favours safer assets like gold

• Bets on gold rising were slashed at the end of 2025

• The overbought situation troubling gold rally has been alleviated

• Top 20-month Bollinger bands at $2839 is above $2790 record high

• Tech trend was refreshed by minor correction seen Oct-Nov

• With less to restraint rally, gold can rise more easily

• The initial target for a resumption of the uptrend is $2986/oz

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gold and betting


Gold


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(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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