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Nov 22 - 08:55 AM

Gold - USD 3000/Oz Gold Looking Increasingly Likely

By Jeremy Boulton  —  Nov 22 - 06:55 AM
  • Gold dropped $250/oz during U.S. election

  • With fewer longs to restrain it gold has rebounded

  • Gold up $43/oz on Nov 22 to $2710 juts below its $2790 all-time high

  • FX flows reflect a mood to seek safety nL1N3MT07Q

  • EUR/USD collapse may intensify any search for safety nL1N3MT09X

  • Targets beyond current record $2846, $2930 and $3037/oz

Source:
Refinitiv IFR Research/Market Commentary

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