Precious metals rebounded strongly overnight, with silver up +3.7% and gold +1.3%, as they also embraced the bounce across bond markets. At this stage, we see no reason to deviate from our preferred roadmap for gold, and although further consolidation remains likely we see higher prices through 2024 with the bull market remaining intact.
- We remain bullish towards gold targeting the $US2500 area, or +6% higher.
MM remains bullish towards gold
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