Gold will unveil a secret. Forecast as of 03.11.2023

Gold halts instead of returning above $2,000 an ounce amid the weakening of the dollar, falling bond yields, and the escalation of the Middle East crisis. Why? Let’s discuss it and make a trading plan.

Fundamental forecast for gold for today

There's no other asset as mysterious as gold. The precious metal is considered a hedge against inflation and a safe-haven asset. However, the XAUUSD quotes fell even if the US consumer prices reached their highest in a few decades in 2022. Conversely, they grew, along with the S&P 500, in the first half of 2023. Autumn brought us even… Read full author’s opinion and review in blog of #LiteFinance