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
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