Credit Suisse believes that gold will continue to hold above the level of 1900. At the same time, they do not exclude re-testing this mark. After that, they allow the possibility of growth to the previous highs around 2070.
Commerzbank: The surprisingly strong growth in US GDP in the second quarter has recently raised hopes that the US economy can avoid sliding into recession despite significantly higher interest rates. inflation data is likely to support the notion that the Fed ended its rate hike cycle in July, which in turn will leave the door open for an interest rate reversal
Overall, gold could become volatile, although any extended breakout up or down doesn't seem likely.
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