Gold price has room to go lower

Gold price has room to go lower

The Malaysian Reserve-News·2020-12-02 15:00

GOLD could decline lower and test US$1,720 (RM7,052) a troy oz price level as investors continue to take “risk on” trades at the expense of safe havens on expectation economies and cyclicals will enter a recovery phase due to the availability of Covid-19 vaccines soon.

Malacca Securities Sdn Bhd head of research Loui Low said gold had rallied earlier due to its safe haven status and amid the uncertainties in the markets.


Read full article on The Malaysian Reserve-News



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