Gold (XAU/USD) found some support near the $1675 region and is edging higher on Tuesday. The yellow metal should remain resilient as the US dollar is set to resume its downtrend while real yields are not expected to march forward in the coming months, per Standard Chartered. See – Gold Price Analysis: XAU/USD bearish trend intensifies – OCBC Key quotes “We continue to view gold as a core holding and retain our bullish bias on a 6-12 month horizon, underpinned by our expectation of a weaker USD and range-bound real yields.” “Moving forward, inflation will likely creep higher as the global economy recovers, but we expect nominal bond yields will be capped by the Fed. This means real yields are unlikely to rise significantly, while the USD should gradually resume its downtrend.” “A key support zone is expected at around 1,660-1,690.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY corrects from multi-month tops, slides to daily lows around 108.65 region FX Street 1 year Gold (XAU/USD) found some support near the $1675 region and is edging higher on Tuesday. The yellow metal should remain resilient as the US dollar is set to resume its downtrend while real yields are not expected to march forward in the coming months, per Standard Chartered. See - Gold Price Analysis: XAU/USD bearish trend intensifies - OCBC Key quotes "We continue to view gold as a core holding and retain our bullish bias on a 6-12 month horizon, underpinned by our expectation of a weaker USD and range-bound real yields." "Moving forward, inflation will likely creep higher as the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
