The gold market appears to be in a holding pattern around $1,700 an ounce and also it could stay this way for the majority of the year, this according to Ole Hansen, head of product technique at Saxo Financial institution.
Hansen stated that investors have yet to totally recognize the impact reserve banks as well as government activities around the globe will carry monetary markets.
" From a gold financial investment point of view, it's not truly what's taking place today or tomorrow or next month, it's what lies ahead in six to year and beyond," he stated. "We have now, as I claimed, a standstill since there are some negative elements, yet I believe they will certainly discolor prior to the positive aspects do."
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