Gold investor demand can still drive prices higher - World Gold Council’s Reade

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The gold market has been hit with significant selling pressure as prices push below psychological support at $1,900 an ounce; however, one market strategist is not worried about the recent price action.

In an interview with Kitco News, on the sidelines of the virtual Denver Gold Forum, John Reade, chief market strategist for the World Gold Council, said that after gold's run to an all-time high above $2,000 an ounce, a correction at this point would be a healthy move.
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