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( Kitco News ) – Gold market has been treading water, stuck in a consolidation pattern for more than a month as political uncertainty has dominated the marketplace.
Gold prices have been tightly tethered to the $1,900 an ounce level as investors have been reluctant to take any significant bets ahead of the U.S. general election. According to analysts, memories of the 2016 election night remain extremely vivid on the eve of what is expected to be an unprecedented event.
"I think a lot of investors want to be bullish on gold but they can’t forget what happened four years ago," said Charlie Nedoss, senior market strategist with LaSalle Futures Group, […]
November 4, 2020 (updated November 4, 2020) Published by StockMan