61.48 F
London
July 2, 2024
PI Global Investments
Gold

Gold’s rally has nearly run its course


Contrarians expect gold to remain stuck in its trading range for a while longer.

That’s because gold market timers are neither excessively optimistic (which would suggest gold would break down) nor excessively pessimistic (which would suggest gold would break out to the upside).

Gold’s trading range, which extends roughly back to the beginning…

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