Gold in a safety pool. Forecast as of 08.09.2023

Despite an unfavorable environment, gold remains stable. When the USD strengthens, and treasury yields grow, the XAUUSD quotes decline. But not this time. Why? Let’s discuss it and make a trading plan.

Monthly fundamental forecast for gold

Gold remains amazingly stable despite the bond yield rally to the highest in more than ten years and the USD index's best weekly performance since 2005. That's as amazing as the US economic strength amid the Fed's aggressive tightening. What will happen when the wind becomes favorable if gold successfully handles headwinds?

The rally of bond rates and the USD's consolidation harm the… Read full author’s opinion and review in blog of #LiteFinance