Gold remains within the $1,750-70 range. Strategists at ANZ Bank expect XAU/USD to reach $1850 but to suffer a reverse back lower in the next year and beyond.

See – Gold Price Forecast: XAU/USD to sink towards $1565/60 on a break below $1691/77 – Credit Suisse

Low yields turn in favour of non-yielding gold investment

“Supportive factors for gold are waning with Fed tapering drawing closer. That said, risk around slower growth against higher inflation still sees a sustained strategic allocation to gold amid prevailing low rates backdrop.”

“We expect gold prices to reach $1850/oz before retreating through next year and beyond.”