Gold Price Forecast: XAUUSD to remain under pressure amid hawkish central banks – ANZ
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
Gold holds above the key $1,700 mark. Nonetheless, economists at ANZ Bank expect the yellow metal to remain under pressure as the USD holds its ground.
“The hawkish tone of the central banks is keeping US real yields and the US Dollar on a strong footing.”
“While recession fears grow due to rising rates and sticky inflation, we should see some haven flows but not enough to reverse the bearish trend anytime soon.”
“We expect Gold to remain under pressure.”
[/s2If]
Join Our Telegram Group
