The recent strong rebound in the spot gold price does not indicate another bull run is setting in, and the rally, driven by the US Federal Reserve's surprise move, could be only short-lived, warns MTS Gold.
President Kritcharat Hirunyasiri said the Fed must eventually start retreating from its unconventional monetary easing, a move that is expected no later than early next year.
"Negative factors still surround gold. Its upside gain is fairly limited," he said.
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