Gold Price Forecast: A risk-off scenario in equity markets will lend support to XAU/USD – ANZ
Economists at ANZ Bank analyze Gold (XAU/USD) outlook amid the uncertainties around geopolitics and high levels in stock markets.
Volatility to pick up as we get closer to the US elections
A change in the governing party in the US would present risks around the future of policies. Amid these economic and geopolitical tensions, equity markets are hitting a record high. This could make investors more wary about the downside risk than upside potential.
Volatility is expected to pick up as we get closer to the US elections. A risk-off scenario in equity markets will lend support to Gold prices.
Reprinted from FXStreet，the copyright all reserved by the original author.
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
Hot
No comment on record. Start new comment.