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GoldTrader141
Feb 13, 2020 10:12 AM

US real interest rate fell benefit gold  Long

Gold/U.S. DollarFXCM

Description

Gold ETF positions have recorded growth for 15 consecutive days, setting the longest consecutive rise since October last year, indicating that bulls are still strongly willing to bullish gold. Driven by trend-buying and investors preparing for a potential fall in the stock market, gold prices are expected to rise above $ 1600 in the next three months.

In early February, the US real interest rate fell below zero and entered a negative range.I believes this is just the beginning. This indicates that gold prices will rise in the long run.

Comment

Take some profits , current price 1580
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