Gold price has another 4% to fall by year end – Capital Economics kitconews gold silver investing mining economics finance metals
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Rising real yields point to lower gold prices through the second half of the year, said Tompkins, adding that gold prices have fallen 15% from the March highs. The comments come as gold prices continue to test long-term support around $1,730 an ounce. The gold market started the year on a strong note as investors looked to protect themselves against an unprecedented rise in inflation. However, Tompkins noted that inflation fears have recently receded and been replaced by recession concerns.
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