Amundi Says ‘Worst Is Behind Us’ as Gold Flirts With $4,000

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Amundi expects gold to recover to about $4,500 an ounce after a selloff pushed prices to a three-month low. The asset manager said the worst of the decline may be over as gold approaches the $4,000 level.

Amundi SA, Europe’s largest asset manager, expects a recovery in the gold price to around $4,500 an ounce following a selloff that dragged the metal to a three-month low.

Markets Commodities gold commodity prices Amundi price recovery selloff investment outlook

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