Gold’s summer uptrend in trouble amid lack of fear - TD Securities
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The yellow metal is finding it hard to move solidly above the $1,500 an ounce level and continue its rally, says TD Securities. “The precious metals complex is struggling to hold onto its summer uptrend,” the bank’s strategists write. The U.S.-China trade progress and a possible Brexit deal are keeping investors’ sentiment upbeat. “The 'phase one' deal and a potential Brexit resolution see growth fears ebb and the impetus for more Fed cuts grows thinner as we approach the October meeting,” the strategists add.
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