Glad I didn't post this yesterday when it was at 1530 ...
Forecast via UOB (Singaporean bank United Overseas Bank) from their most recent 'Quarterly Global Outlook':
Gold continues to be the clear winner amidst the surge in safe haven demand
list of positive drivers for gold is growing
- synchronized monetary policy easing
- lower global bond yields
- increased central bank allocation
We expect further gold strength towards USD 1,650 / oz
- strength in gold has also rubbed on silver which is trying to play catch up
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Weekly candle chart:
