Metals News
The recent rise in BMO: gold has reflected global uncertainty
Jun 26,2019
Source:Bloomberg News
The content below was translated by Tencent automatically for reference.

SMM News: Colin Hamilton, a commodities analyst at BMO, wrote that gold's recent rise, above $1400 an ounce, has digested the current global risks and uncertainties associated with trade wars, interest rate cuts and geopolitical tensions. * Hamilton: macro asset allocators reacted quickly to the prospect of monetary easing, as evidenced by the rapid inflow of money into gold ETF and the increase in futures contracts * Hamilton still believes that the market will remain in a "valuable positive" environment in the near future, which is good for gold prices and gold stocks.

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