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Stocks Soar, Gold Slips: Stay Bullish or Brace for a Turn at $3300?
Gold has continued to set record highs and breaks $3500, the institutions price target, and then pullsback.
Goldman Sachs’ commodities research team raised their year-end gold price forecast to $3,700, noting upside tail risks that could push prices as high as $4,500. UBS responded to Goldman’s outlook by also revising its gold forecast upward to $3,500.
Will you stay bullish or time to turn at the high level?
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