Improvement in investor sentiment, aggressive monetary policy easing, ultra-low interest rates and fiscal stimulus have all supported gold prices, as Georgette Boele from ABN Amro notes. Key quotes “Even though we recognise that the drivers are supportive for gold prices, we don’t expect another strong rise in prices.” “We remain cautious and we expect another round of risk-off in financial markets to support the dollar and to trigger gold position liquidation. But gold price weakness will probably be less severe than we had originally forecasted.” “New gold price forecast for Q2 is $1,575 per ounce and for the end of 2020 $1,700.” 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 Indonesia: Trade results improve on Chinese recovery – UOB FX Street 2 years Improvement in investor sentiment, aggressive monetary policy easing, ultra-low interest rates and fiscal stimulus have all supported gold prices, as Georgette Boele from ABN Amro notes. Key quotes “Even though we recognise that the drivers are supportive for gold prices, we don’t expect another strong rise in prices.” “We remain cautious and we expect another round of risk-off in financial markets to support the dollar and to trigger gold position liquidation. But gold price weakness will probably be less severe than we had originally forecasted.” “New gold price forecast for Q2 is $1,575 per ounce and for the end of… 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.
