MARKETS SPECTATOR: Gold brush

There are plenty of traders still talking up gold but now is almost certainly not a good time to be holding the precious metal.

Gold’s been making headlines for all the wrong reasons lately as the once ‘darling’ makes a precipitous slide lower. Mind you, I must add that there are plenty of gold bugs still peddling ear-pricking lines like ‘it’s different this time’, ‘it’s a unique asset class’, ‘no one understands it’ and 'it’s drastically underowned’.

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