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Gold ($US/oz)

Gold posted new highs last week, its reaction to the Trump tariff uncertainty, however a very strong $US will be interesting this morning. If gold surges toward $US3,000 on tariff fears we feel the precious metal could experience some profit-taking after its stellar advance over the last two years.

  • We are bullish gold medium term but don’t like the risk-reward as the precious metal pushes to new highs.
MM is bullish gold medium term
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Gold Spot ($US/oz)
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