BUZZ-Gold rockets to record high and has room to rise further

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* Gold jumps to $2222.39/oz record high * Top of 20-day Bollinger bands is higher at $2243.65/oz - room to rise * Target for rally inspired by ETFs is very nearby at $2229 * The main target for the current upswing is $2299 * Judged by the pace of gains- a bigger rise looks likely * Gold's rise follows a surprise SNB cut and CHF drop urn:newsml:reuters.com:*:nL2N3FZ0MM * MXN one of several currencies of producers that should benefit urn:newsml:reuters.com:*:nL2N3FZ0IF * <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Gold https://tmsnrt.rs/4akfdna ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Jeremy Boulton is a Reuters market analyst. The views expressed are his own) (([email protected]))
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Published Date
21 Mar 2024 at 7:30 PM
Publisher
Refinitiv
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