Goldman: Gold Likely to Head Lower But Government Shutdown Could Change The Picture

With the first round of the French presidential election in the rearview mirror – and the potential for significant unintended consequences if a major country were to leave the euro currency abating, allowing markets a sigh of relief – many market trends have reversed in recent days. One such example can be found in the gold market, Goldman Sachs research points out. But where will this new market trend abate? Could a US government shutdown reverse recent market trends?

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