Gold Price Forecast: XAU/USD lifted by lower US inflation, Dollar and yields – ANZ Gold XAUUSD Banks
“Retreating US inflation triggered a US Dollar sell-off, which in turn supported the Gold price. US benchmark real yields are also levelling-off from a recent high, narrowing opportunity costs. That said, inflation is hovering well above the Federal Reserve’s target of 2%, leaving little hope of the Fed turning dovish anytime soon.”
“Physical demand is weakening as seen in the spot premium’s retreat from October, but official purchases are holding up.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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