Long-Term Outlook for Gold Is Still Bullish

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Gold is down some $80/oz from the highs we saw last week and additional downside moves are likely, however the long-term outlook for gold still remains bullish, with prices expected to rise as high as $2,000/oz in the coming months. Given gold’s recent run, it is not surprising that we have seen price corrections but we didn’t see the great shopping season correction that you typically get over the summer. That doesn’t mean it can’t happen now.

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