“The weakness in the dollar seen due to the rate cut expectations and a lot of short-covering due to the sudden jump in prices are behind the sharp move, with this move, the target for gold investors has moved to $1,400 and the key is to sustain this momentum for this week. On the longer term, it is going to be difficult to stay above $1,400 as with better conditions for riskier assets due to rate cuts, investors might move to equities.
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- Reuters 5 years ago
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"Benjamin Lu Quotes." Quotes.net. STANDS4 LLC, 2024. Web. 21 Nov. 2024. <https://www.quotes.net/citizen-quote/314252>.
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