Gold might not be able to sustain $1,800 in the near-term – National Australian Bank

The gold price continues to hold near its highest level in more than eight years but according to one market analyst the precious metal is walking a precarious tightrope in the near-term as prices continue to test critical resistance around $1,800 an ounce.

In an interview with Kitco News on the sidelines of the Mines and Money online connect virtual mining conference, Lachlan Shaw, head of commodity research at the National Australian Bank, said that a sustainable move above $1,800 is going to depend on how the coronavirus continues to impact the global economy.

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