Gold Price Forecast: Banking turmoil to reinvigorate XAU/USD investor demand over the longer term – ANZ Gold XAUUSD UnitedStates Banks
is consolidating the previous decline so far this Wednesday. However, economists at ANZ Bank expect US banking stress to reinvigorate investor demand over the longer term.rate hike was supported by inflation data that came in as expected at 0.5% MoM for June. Nevertheless, demand for the safe haven asset remained strong.”
“Even with these gains, investor allocation to gold remains low. We expect this banking turmoil to reinvigorate investor demand over the longer term.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Price Forecast: XAU/USD bullish momentum continues, eyes on next resistance at $1,960 – ANZTechnically, bullish momentum is continuing after breaking the range of $1,845-1,850 on Friday. Gold needs to trade high to continue this momentum, an
Read more »
Gold Price Forecast: XAU/USD short outlook looks strong – ANZGold extended gains following the collapse of Silicon Valley Bank. The shifting expectations of US federal fund rates (FFR) are likely to see strong s
Read more »
Gold Price Forecast: XAU/USD hits $1,900 for the first time in a monthGold price is up by more than 2% on Monday, adding to last Friday’s gains boosted by a rally in US Treasury bonds as investors fly to safety and pare
Read more »
Gold Price Forecast: XAU/USD retreats on sluggish Treasury yields ahead of United States inflationGold price (XAU/USD) fades the previous day’s upside momentum, the strongest in four months, as it makes rounds to the five-week high surrounding $1,9
Read more »
Gold Price Forecast: XAU/USD could recapture the $1,919 barrier on softer US CPIGold price retreats from six-week highs but holds above the $1,900 level. XAU/USD needs softer United States Consumer Price Index (CPI) data to take o
Read more »
Gold Price Forecast: XAU/USD acceleration to moderate – TDSGold price extended its bullish rally and gained more than 2% on Monday. Short-term, however, the Gold market should lose momentum, in the view of eco
Read more »