Select Page

The Canadian investment bank, TD Securities says gold is primed for a breakout if current data and historical actions are to be used as the yardstick. Following a very positive day on Wednesday, which saw the precious metal hovering around $1750 before falling slightly to $1,729.60 yesterday (Thursday), the bank says that all indications are that gold is prepping to reach multi-year highs.

Its analysts said, “Gold once again failed to break through $1750/oz resistance, but taking a step back, it is still clear that prices remain range-bound near multi-year highs. We believe the market is coiling ahead of a breakout to higher prices — a historical pattern that we have observed several times over the course of the last few years.

“Ultimately, the key question for gold bugs is whether we are on the cusp of a regime shift in inflation, as the combination of world-war era fiscal and central bank stimulus, along with a change in the central-bank template (symmetric inflation target) and unwinding globalization could lead to a world where inflation is once again very relevant. In this context, a continued growth normalization should be welcomed by gold bugs as a reversal in safe-haven flows should be offset by investment demand, with real rates significantly suppressed.”

Buy now to set yourself up to capitalise on the upcoming breakout.

Disclosure
This website is published by The Gold Safe Ltd, a Company registered in England and Wales with Company number: 11994725 a subsidiary of the United Kingdom Asset Company Ltd, a Company registered in England and Wales with Company number: 09784057 and is intended for information and promotional purposes only. The information provided in our free guide is not intended as an offer to invest and should not be construed as financial advice.

Fees: There are no fees for using this website or service.

Contact us: Tel: 0203 695 3400
Web: www.thegoldsafe.co.uk
Email: admin@thegoldsafe.co.uk

Address: 71-75 Shelton Street, Covent Garden, London WC2H 9JQ

All rights reserved copyright 2020 The Gold Safe Ltd

Follow us on:

    Wait! Before You Leave Download The 'Ultimate Guide to Gold Investing'
    FREE of Charge