The gold rate remains to hold near its highest level in greater than 8 years but according to one market analyst the rare-earth element is walking a perilous tightrope in the near-term as rates remain to check vital resistance around $1,800 an ounce.
In an interview with Kitco Information on the sidelines of the Mines as well as Cash on-line attach virtual mining meeting, Lachlan Shaw, head of product research study at the National Australian Bank, said that a lasting move over $1,800 is going to depend upon exactly how the coronavirus remains to affect the global economy.
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