Gold gearing up for a break

Posted by Ole Hansen

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Commodity markets, with a few exceptions, remain in reasonably good health as we approach the end of what so far has been a very volatile and at times troubling first-half, driven by the worst pandemic-related slump in global growth since WW2. Crude oil found its footing to move higher, gold increasingly looks ready to test resistance while some soft commodities are still waiting for post-pandemic demand to return.

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