Gold: On track to hit record highs before end-2020 – BofA

According to the analysts at Bank of America (BofA) Global Research, the bullish momentum in gold is likely to remain unabated through the rest of this year.

Key quotes

“Gold can hit record highs before the end of 2020, looking at Q3.

Eyeing the next resistance level at $1800.

Thereafter the next breakout level at $1900.

Gold-price breakout is occurring now ... eight-week trading range has resumed higher.”

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