CMC Markets Analyst – Gold prices could continue to remain range-bound for the foreseeable future as potential market factors balance each other out, said one analyst. Colin Cieszynski, senior market analyst at CMC Markets, said the gold market appears to be base building and there is no indication of how long this process could take. Gold spot prices were relatively subdued during the North American session.
Although volume is down compared to last year, it remains steady and shows that there is still interest in gold, he said. He added the activity in gold is unusual compared to other markets.
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