FXStreet reports that strategists at ANZ Bank reiterate their positive stance on gold over the next three months, as record-low U.S. real-yield, delay in tapering, expensive equity valuation and prospects of weaker U.S. dollar still suggest the XAU/USD to grind higher towards $1,900/oz. 

“Record low yields are again turning in favour of non-yielding gold investment.” 

“Weakness should continue to be a key support for investor demand.”

“Physical demand in India and China is set to improve ahead of festive season.” 

“Waning likelihood of monetary tightening looks supportive in the near-term.”