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After almost two months of trading range-bound, gold is currently under a combination duration, claimed Todd Horwitz, chief strategist of BubbaTrading.com.
" You've obtained the utmost confusion in the marketplace. There's individuals attempting to comprehend, is gold going to develop into a real money as a result of what the Fed is doing," Horwitz informed Kitco News. "At the end it boils down to rate as well as the rate states that we're in a state of confusion."
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‘Ultimate confusion’: what’s really holding gold and silver prices back?
After nearly two months of trading range-bound, gold is currently under a consolidation period, said Todd Horwitz, chief strategist of BubbaTrading.com.
“You’ve got the ultimate confusion in the market. There’s people trying to understand, is gold going to turn into a real currency because of what the Fed is doing,” Horwitz told Kitco News. “At the end it comes down to price and the price says that we’re in a state of confusion.”
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Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.