Gold to set a new record. Forecast as of 28.11.2023

The XAUUSD is forecast to reach new peaks as the demand is growing amid the geopolitical and political situation, central banks are showing support and the Fed's expected to introduce monetary stimuli. Let’s discuss it and make a trading plan.

Weekly fundamental forecast for gold

In 2020, the gold's record rally was fueled by pandemic-related fears and the Fed's cheap liquidity. COVID-19 gave rise to much uncertainty, favorable to safe-haven assets, while the Fed's aspiration to save the US economy using huge monetary stimuli weakened the greenback and reduced treasury yields. I have a sense of déjà vu at the… Read full author’s opinion and review in blog of #LiteFinance