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That uncertainty could be a boon for gold. JPMorgan Chase researchers said in a note on Monday that they expect the yellow metal to continue running toward their 2025 target price of $2,850 an ounce as the Fed brings down rates. The central bank has ...
Gold price appears to lack a bullish conviction, at the moment, as China stimulus optimism weighs on the traditional safe-haven on one side while on the other hand, it raises hopes of a potential increase in Chinese demand, as the dragon nation is the world’s top Gold consumer.