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Gold outlook for 2020 depends on US-China trade deal

Natixis lowers average price forecast for next year

December 02, 2019 / 09:13 AM IST
Gold outlook for 2020 depends on US-China trade deal

Shishir Asthana   Rising equity markets globally have taken a toll on the bullion market. After falling for seven consecutive days, gold prices over the weekend rose for a couple of days. Analysts are now toning down their projections of gold prices for 2020. After Citi wrote that it was expecting gold prices to remain subdued in the near term on account of the improved global trade scenario, Natixis downgraded the gold outlook for next year. Indeed, November 2019 was the worst month for...

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