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Gold: oversold and overstretched — #SaxoStrats
Precious metals are being driven lower, says Saxo Bank’s head of commodity strategy Ole Hansen, but where do they go from here?
The breakeven rates in bonds fell because of the Federal Reserve’s recent hawkish tone while real yields rose significantly. This has led to gold’s persisting weakness, Hansen says.
02:31 minutes
Tags: commodities, fed, federal reserve, gold, ole hansen commodities, saxotrader, saxotradergo, silver, tradingfloor.com
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