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Rising positive outlook in financial markets and deflationary dangers are pressing bond returns higher, which is considering on the gold market; nonetheless, there are still factors to be hopeful on gold rates in the long-lasting, according to Bart Melek, head of product approach at TD Stocks.
In a meeting with Kitco Information, Melek claimed that he remains to anticipate gold rates to push greater with the remainder of the year. Nonetheless, he alerted capitalists that the roadway to record highs will certainly be bumpy.
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Gold’s path higher is a bumpy road – TD Securities
Rising optimism in financial markets and deflationary risks are pushing bond yields higher, which is weighing on the gold market; however, there are still reasons to be optimistic on gold prices in the long-term, according to Bart Melek, head of commodity strategy at TD Securities.
In an interview with Kitco News, Melek said that he continues to expect gold prices to push higher through the rest of the year. However, he warned investors that the road to record highs will be bumpy.
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