Gold rallied $US25/Oz overnight making fresh 9-month highs, aided by a lacklustre session by the $US, the path of least resistance remains up illustrating why MM has continued to run our large overweight stance in the Gold Sector.
- We believe gold is going to struggle to break $US2,000/Oz in Q1 of 2023 but by the end of the year the stories likely to be far more bullish.
MM remains bullish on gold medium/long term
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