Gold Price Forecast: XAU/USD eyes substantial upside – TDS

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Gold Price Forecast: XAU/USD eyes substantial upside – TDS
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Gold Price Forecast: XAU/USD eyes substantial upside – TDS Gold XAUUSD CentralBanks Banks

has surged to $1,930, its highest level since February 2. The yellow metal could stage a significant race higher, strategists at TD Securities report. “The risk of a dash-for-cash is mitigated by substantial physical demand in Gold and by neutral discretionary trader positioning.”

“Risks that the tightening cycle is coming to an end should also realign discretionary flows with strong physical flows, which could translate into substantial upside.”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.

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