Gold Price Forecast: XAUUSD still see compelling reasons to hold on to the bright metal – TDS
Gold remains extremely resilient in the face of hawkish Federal Reserve rhetoric. Strategists at TD Securities expect the yellow metal to remain in demand as a safe-haven asset.
Fed speak may remain a focus in the near-term
“Fed speak may remain a focus in the near-term, with the rates market proving sensitive to hawkish signals recently, but safe-haven flows continue to provide an impressive offset.”
“Precious metal investors still see compelling reasons to hold on to the shiny metal. The potential for a protracted war in Ukraine simultaneously raises both geopolitical uncertainty and inflation risks, fueling demand for the yellow metal as a safe haven. This trend has also likely been exacerbated by the concurrent decline in global equity and bond prices, which is consistent with fears that Treasuries may be less potent havens in a higher-inflation regime.”
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FXStreet Insights Team
FXStreet
The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.
