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GOLD CHARTS POINT TO OVER $1,700
Gold should rise to record highs above $1,700 an ounce in the next few months based on the size of its past rallies and Fibonacci number projections, technical analysts said.
Gold could rise to an area between $1,870 and $5,000, with the top end of the forecast based on a ratio of bullion's performance to the Dow Jones industrial average if there were another shock similar to the Great Depression, research firm Capital Economics said in a note.