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Gold traders look for opportunities to buy below $1,800 an ounce — RBC Wealth Management

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(Kitco News) Gold traders are looking for opportunities to buy the yellow metal below the $1,800 an ounce level, says RBC Wealth Management managing director George Gero. “Gold buyers looking at buying opportunities at lower prices again below $1,800 may become active seeing no real changes in global debts growing, continued low interest rates and coming political, economic headlines and WGC gold mid year reports,” he writes. Gero continues to expect gold to rise to $1,850 and for silver to advance to $20 an ounce in the months ahead.

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