French Bank Societe Generale has been bearish on gold since the start of the year, despite the metal’s 15% gains. With gold down this Wednesday, hitting a three-week low, could the bank be right?
Robin Bhar, head of metals research for Societe Generale, told Kitco News the recent gold price rally looks unsustainable. He explained that financial turmoil and expectations that the U.S. and global economies will fall into a recession have been the factors behind the move, but these expectations appear to be extreme scenarios...............................................Full Article: Source
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