By: Sarah Benali
(Kitco News) – With gold prices making a comeback Friday, after hitting four-month lows earlier in the week, one analyst now says he is more bullish on the yellow metal.
“What gives us more confidence that the direction for gold from here is likely to be sideways to higher (not sideways to lower) is that positioning is much cleaner than it was,” noted Tom Kendall, head of precious metals sales for ICBC Standard Bank, in a recent report.
By: Sarah Benali
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