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18 May 2020

Gold: There’s very little reason to sell – BMO

Analysts at Bank of Montreal (BMO) are out with their outlook on gold, given its last week’s upsurge to fresh multi-year high above $1750

Key quotes

“There is both subdued levels of physical demand and central bank buying.

However, there's very little reason to sell, citing:

Unprecedented fiscal and monetary policy support.

Deteriorating relations between the US and China.”

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