• Gold Price Forecast: Positive real US yields reduce the attractiveness of XAU/USD – Erste

Market news

27 tháng 9 2023

Gold Price Forecast: Positive real US yields reduce the attractiveness of XAU/USD – Erste

In view of positive real US yields, economists at Erste Group Research expect "only" a sideways movement of the Gold price in the fourth quarter. 

Real yields are clearly in positive territory in the US

Real yields are already in positive territory in the US. This fact currently stands in the way of a sustained upward movement of the Gold price. 

We expect a sideways movement of the Gold price in the range between approx. $1,930-$1,960 for the Q4.

See – Gold Price Forecast: XAU/USD to trade near $2,000 by year-end – ANZ

 

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.