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Expect gold price volatility on 'overly bullish sentiment', price dips to be bought — RBC Wealth Management

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(Kitco News) Gold investors should gear up for some volatility and profit-taking this week amid “overly bullish sentiment,” writes RBC Wealth Management managing director George Gero. But any price dips will continue to be bought, Gero notes. “Expect volatility later as overly bullish sentiment can bring short term on surprise headlines profit taking but buyers on dips with longer term outlook and continued ETF buying will support upside. Look for $1,850 gold, $20.00 silver before long,” he says. “Usual headwind, strong stocks counters low rates, as China, North Korea, Middle East, tariffs, elections, coming inflation, large debts globally worrying investors.”

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