Gold – Time to shine?

ICBC Standard Bank/10-18-2018

Market setup for a short covering rally
“After tentatively stabilising in September, the gold price staged a $50/oz rebound in early October, setting up the potential for a further short covering rally towards $1,300/oz. Underpinning this move was the selloff in developed market equities, which marked a notable change from the bouts of riskoff trading that occurred over the course of the summer.”
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