| Contrary to some expectations that gold prices are more likely to fall, Capital Economics on Friday said they might actually top $2,000 an ounce. “Many of the latest headlines have focused on the negative implications of the surge in the dollar,” said Julian Jessop, head of commodities research at Capital Economics.
But “this misses the rather bigger point that the gold price has held up remarkably well given the extent of the dollar’s move.” “This resilience is arguably encouraging for the precious metal’s prospects when the focus returns to more supportive factors,” he said in a note Friday...............................................Full Article: Source
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