Commodities: Gold, In Any Currency You Like

In line with the view we have been promoting, gold has continued to push higher in recent trading to hit a new high of US$1,095/oz at one point today. We see potential for gold to head even higher in the short-term as US dollar weakness, weaker equities and investor appetite for hard assets buoys gold. In the event of a retracement support now comes in around the US$1,070/oz area Furthermore, we highlight several important themes that can be derived from higher gold

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