PANews reported on March 1st that, according to Jinshi, ANZ analyst Soni Kumari stated that gold will initially react positively tomorrow, however, some pullback is possible as events unfold. Our overall view remains unchanged; we are still bullish on gold. This year's geopolitical situation is very different, with more intense tensions, and the Iranian attack may also have macroeconomic implications, especially given the significant rise in oil prices.
ANZ Bank: Increased geopolitical risks keep gold in a "tailwind"
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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