Inevitable Stock-Market Correction To Push Gold Out Of Range – Analyst


KitcoNews/Neils Christensen/11-30-17

Record-high equity markets remain the sector to watch as a correction could be the catalyst needed to push gold out of its narrow trading range, according to one market analyst.

While gold remains resilient with prices holding above its 200-day moving average, Fawad Razaqzada, technical analyst at Forex.com said that he can’t get excited about gold until it pushes above the October high at $1,306 an ounce. However, he added that it could only be a matter of time before this happens.

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