Gold (XAU/USD) is down around 15% from its mid-2020 high and strategists at Deutsche Bank do not expect a major rebound. The rate of change in real yields has gone from sharply declining to relatively flat (or even rising) as nominal rates have begun to rise – providing less support for the yellow metal. Key quotes “A firmer US dollar and stabilising real yields (after rapid declines in 2020) have removed some tailwinds for gold. This has reduced investor appetite for gold as evidenced by falling retail and speculative investor positions.” “We have revised down our 12-month price forecast although unexpected events or a sharp one-off increase in inflation expectations could provide some temporary support.” “End-March 2022 gold price forecast: $1,850/oz.” 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 GBP/USD steadily moves back above mid-1.3800s, fresh session tops FX Street 1 year Gold (XAU/USD) is down around 15% from its mid-2020 high and strategists at Deutsche Bank do not expect a major rebound. The rate of change in real yields has gone from sharply declining to relatively flat (or even rising) as nominal rates have begun to rise - providing less support for the yellow metal. Key quotes "A firmer US dollar and stabilising real yields (after rapid declines in 2020) have removed some tailwinds for gold. This has reduced investor appetite for gold as evidenced by falling retail and speculative investor positions." "We have revised down our 12-month price forecast although… 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.