FastSaying
The factors that fed the upside momentum over the last few months are unchanged and should continue to be supportive for gold.
Frederic Panizzutti
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Factors
Fed
Momentum
Months
Supportive
Unchanged
Upside
Related Quotes
There are good reasons to expect gold to keep its momentum on the way higher. If you look at the fundamental reasons that helped gold to move higher last year and this year, I think most of them are still in place.
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The recent price consolidation...has built a very solid base for a move higher.
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We see it testing the high around $572, but there is a willingness in the market to go to $580.
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Will