Gold Talking Points
The price of gold pulls back from a fresh yearly high ($1704) as the Federal Reserve takes additional steps to combat COVID-19, but speculation for lower US interest rates may curb the recent weakness in bullion as Chairman Jerome Powell and Co. are widely expected to deliver another rate cut in March.
Fundamental Forecast for Gold: Bullish
The price of gold slipped to a fresh monthly low ($1552) as the Federal Reserve pledged to ramp up its repo operations and provide $1.5 trillion in US Dollar liquidity in order to “address
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