from Kitco NEWS
The gold market is stuck in a channel as it tries to hold its ground around $1,750 an ounce; the spark that could ignite the next phase in the precious metal’s rally could be just around the corner, according to Phillip Streible, chief market strategist at Blue Line Futures.
In an interview with Kitco News, Streible said that momentum in equity markets is providing some competition for gold; however, he added that this enthusiasm could prove to be misplaced.
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