Precious Metals Experience Volatility Amidst Economic Uncertainty
TL;DR Summary
TD Securities activated a new long gold trade at $1,994 with a target of $2,150, saying that the gold market selloff is nearly done and prices will be heading to new all-time highs next. The new peak TD Securities is waiting for is $2,150, which it sees gold reaching towards the end of the year. Evidence suggests that gold bulls still have some trading flows to invest and push prices higher.
- Gold price down nearly $100 after testing all-time highs, but selloff is 'exhausted' and new cycle highs ahead, says TD Securities Kitco NEWS
- Gold slips as dollar rises on hawkish cues from Fed officials CNBC
- Base Metals Recover After US Debt Worries, Sluggish China Demand Hit Prices The Wall Street Journal
- Gold price drops below $2000 as markets anxious about U.S. debt ceiling talks Kitco NEWS
- Gold futures settle at their lowest since late March MarketWatch
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