By: Sarah Benali
(Kitco News) – Despite gold catching a bid late in the week, one analyst says investors should not get too excited as April might be ‘as good as it gets’ for the metal, at least for this quarter.
However, Tom Kendall’s outlook is not all that grim, noting in a report Friday that gold prices could hit $1,300 an ounce in the short term. The precious metals analyst for ICBC Standard Bank added though that pressure from higher interest rates coupled with softening seasonal demand from India will weigh on gold prices over the longer term
By: Sarah Benali
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