The precious metal shouldn’t fear the end of US-Chinese trade war
As I supposed in mid-October, the gold’s growth above $1500 per ounce didn’t last long and the precious metal got into the second wave of correction. The gold’s evolution is much dependent on the news related to trade wars, that’s why further de-escalation of the US-Chinese conflict may increase the retracement, according to JP Morgan. TD Securities believes the gold will continue diving to $1438 per ounce amidst liquidation of speculative long positions, whose volume has dropped lately to their lowest since June. At the same time, the sellers…
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