Positive trend in gold to remain intact in medium term
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We are expecting that the international gold is likely to trade in the range of $1,350 - $1,600 per troy ounce in the next one year while silver is expected to trade in the range $16.20 - $20.00 per troy ounce After a negative closing in the year 2018, the global gold market has been witnessing a bull run since the start of 2019. The year 2019 has been the year of bullion for the global commodity market wherein gold and silver prices staged a strong rally. Gold has received safe investment boost from a host of events that took across the globe such as extension and intensification of Sino-US trade, geopolitical tension in the Middle East, the US sanction of Iran, Nigeria and Venezuela, an extension of trade dispute of the US with European, Mexico, and India. The weakening of the global economic condition also attracted increased investment into the bullion market in general and gold in particular. As a result, the CME gold prices surged by 22.24 percent since closing on M...