The economic backdrop has provided the ingredients for gold to move higher towards $1,400 this year, but the yellow metal needs to break past $1,330 first, said Bill Baruch, president of Blue Line Futures.
“I like gold being able to hit $1,400 [an ounce] this year,” Baruch told Kitco News. “There is a really good landscape right now with these treasury yields, and the potential of the dollar moving lower.”
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