The wealth management firm says that the gold will see a correction ranging from 5 to 7 per cent as historically, it has never added gains of 32 per cent in any year since 2000.
"We expect gold to correct by 5-7 per cent, before the next leg up," the report added.
As per the report, the US presidential election next month could add further spice to the market. The domestic exchange-traded fund (ETF), imports along with SPDR Holdings and CFTC positions are supporting the case for Bulls.
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