Gold fundamentals support rising price

The gold price is back above $1,700 an ounce as fundamentals continue to support a bullish trend for the yellow metal. Risk aversion returned in full force today, battering stocks and dragging indices into the red.Q1 2020 hedge fund letters, conferences and moreCredit Suisse analysts raised their forecasts for the gold price in a recent note amid fundamentals like low and negative yields, weakness in the U.S. dollar and inflation on the way.Risk aversion returns, boosting gold priceIn an email today, Edward Moya of OANDA said he believes the gold price will break out higher after stocks hit a …

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