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Apr 14 - 06:55 AM
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Gold - In The Current Environment Gold Could Rise Much Further
By Jeremy Boulton — Apr 14 - 04:37 AM
• Inflation set to rise on the back of the energy shock
• The dollar - which many traders have bought - is falling
• Iran ceasefire is holding and peace talks planned
• Stocks are pushing record highs - risk appetite robust
• Bets on gold rising are the smallest since March 2024
• Inflation, weaker USD and robust risk appetite support gold
• Next target for the bull trend are $5617/oz and $6087/oz
•
Gold and betting
(Jeremy Boulton is a Reuters market analyst. The views expressed
are his own)
Source:
London Stock Exchange Group | Thomson Reuters