Note

Gold: Upside bias still persist amid supportive fundamentals – Credit Suisse

Verified Official
· Views 596

Despite the latest downslide in gold to four-month lows of $1800, analysts at Credit Suisse still see the metal on the higher, as the fundamentals remain supportive.

Key quotes

“The decline in prices is mere 'bump in the road'.”

“The factors that supported the rise in price remain in place: monetary and fiscal policy remain accommodative and expansionary, low US real rates and a sliding US dollar.”

Related reads

  • Gold Price Analysis: XAU/USD teasing rising channel breakdown on 1H chart
  • Wall Street Close: Risk-on mood fizzles amid mixed clues

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.