Spot Gold $1740 Below Target $1704—$1697 (Rona Mana Hai), Trade With Neal Bhai

Spot Gold $1740 Below Target $1704—$1697 (Rona Mana Hai), Trade With Neal Bhai

Implications for Gold

What does it all mean for the gold market? Well, the weaker and more choppy the rebound, the better for gold, as the fragile recovery should assure elevated safe-haven demand for gold.

Similarly, the larger gap between the real economy and financial markets, and the longer it lasts, the greater possibility of the financial crisis. In such environment, the yellow metal is an attractive portfolio diversifier, so we would not be surprised if gold crosses $1800 per ounce in the foreseeable future.

If you enjoyed today’s free gold report, we invite you to check out our premium services. We provide much more detailed fundamental analyses of the gold market in our monthly Gold Market Overview reports and we provide daily Gold & Silver Trading Alerts with clear buy and sell signals.

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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