Gold price consolidation around $2,000 would be healthy – Saxo Bank

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The gold rate is handling to hold on to $2,000 an ounce but after last week's sharp selloff the marketplace might use some combination to enable financiers to get comfy with present prices, according to one market expert.

In an interview with Kitco Information, Ole Hansen, head of asset technique at Saxo Financial institution, stated that he is not shocked that gold costs recently saw several of the most extreme marketing pressure in years; nevertheless, he included that the healing has actually occurred quicker than he originally anticipated.
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