Singapore Stock Market News

Gold - Losing its shine

StockFanatic
Publish date: Fri, 06 Jul 2018, 12:56 PM
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• Gold weakening on fundamental and sentimental reasons, as trade war escalates and USD rises

• USD to sustain strength and continue downward pressure on gold

• Accordingly, we cut our price forecasts on gold; likely remain weak in 3Q18

• Upside from potential rise of demand for safe haven in extreme uncertainties and volatility
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