Gold hedges risks. Forecast as of 20.10.2023

In October, gold stopped reacting to inflation, the Fed's policy, or US exclusivity. The XAUUSD quotes are rising amid the Middle East crisis. What's coming next? Let’s discuss it and make a trading plan.

Monthly fundamental forecast for gold

The stock market behaves as if the Middle East crisis hadn't escalated. Stocks are soaring on the US strong macro-stats and the belief the Goldilocks regime will be resumed in the markets. Bonds are declining on the risk of new Fed restrictions. Investors seem to prefer standing aside and waiting for new developments to reacting sharply. It could be a sign… Read full author’s opinion and review in blog of #LiteFinance