By Jeremy Boulton — Feb 04 - 02:51 AM
• Gold considered safe and a viable way to spread risk away from USD
• Some major nations are seeking ways to challenge dollar's dominance
• BRICS nations locking horns with US may buy gold instead USD
• Gold thought viable way to hedge inflation risk
• Tariff threat has proved real - delays prolong uncertainty
• Spec longs could grow towards 2020 peak at 350k from current 300k
• Monday's record high at $2830 follows 55-DMA above 100-DMA golden cross
• $2830 was a fibo target off Dec low - next are $2855, $2889 and $2932
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Gold
(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters