BI 160 x 600 Feb copy (2)
BI 160 x 600 Feb copy (2)
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ANZ buy spot gold on dips to US$1180

 

ANZ, the Australian Bank saying while they see no clear impetus to push gold significantly higher or lower in the near-term they suggest to clients to ‘buy spot gold on dips to USD1,1180/oz’. They expect gold to trade over the next 12 months in the USD1,150/oz to USD1,300/oz noting that gold has a tendency to trough well before the USD peaks suggesting we may have seen the bottom of the gold price in this current cycle.

Source: ANZ



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