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- Four factors support a gold price leg higher - ANZ
Four factors support a gold price leg higher - ANZ
FXStreet reports that economists at ANZ Bank believe gold price (XAU/USD) could see another leg up as key factors are turning in favour of gold investments. Record low US real-yield, inflation, expensive equity valuation and a weaker dollar are likely to encourage strategic allocation in the yellow metal.
“Record low yield again turning in favour of non-yielding gold investment.”
“Weakness should continue to be a key support for investor demand.”
“Inflation and weaker USD are supporting central bank gold purchases. Meanwhile, physical demand in India should recover ahead of the festive season.”
“Fading likelihood of monetary tightening looks supportive in the near-term.”
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