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Gold: Multi-year bull market is being cemented – TDS

The better news flow over the weekend has seen the yellow metal continue its strength above $1600/oz and move safely away from CTA selling triggers for now, per TD Securities.

Key quotes

“We're not out of the woods just yet should panic reemerge and the highly deflationary impulse from containment effort send real rates higher.”

"Looking forward on the horizon, we think the set-up for a multi-year bull market is being cemented as the market is awash with both monetary and fiscal stimulus while rates are at the zero bound, which suggests investors will continue to seek gold's warm embrace as real global rates become entrenched in negative territory.”

 

AUD/USD in 2-day highs near the 0.6100 barrier

The better mood in the risk complex and the recent move from the PBoC on rates have been bolstering the renewed and strong upside bias in AUD/USD to t
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Moody's: US fiscal strength to deteriorate faster than expected

Assessing the United States' policy response to the coronavirus outbreak, "the US fiscal strength will deteriorate faster than expected, driven by muc
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