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Chances of Correction in Gold Prices Increase – TDS
Gold Price Trading Close to Its All-time High – Commerzbank
Mohamed El-Erian Observes Spike In Gold Says, Precious Metal 'Trading Within $5 Of A New Record High'
Gold Hits Another Record High on Rate Cut Optimism, Weaker Dollar
Prospects of interest rate cuts boost the price of gold, and gold bulls cheer.
According to the CFTC data, net long positions in gold have reached the highest level in over four years. UBS Group predicts that by the fourth quarter of this year, the price of gold will rise to $2600, while Citigroup predicts that it will rise to $3000 by next year.
Commodity Roundup: Middle East Developments Support Oil, Gold Prices