Gold Price Forecast: XAU/USD consolidation could be imminent in the short term – Standard Chartered Gold XAUUSD Banks
Further upside in Gold? Economists at Standard Chartered believe that the yellow metal is likely to stabilize in the near term.“We believe a consolidation could be imminent in the short term. We continue to see real yields as a headwind given the risk of a nominal rebound in US government“From a technical standpoint, a stretched RSI and narrowing investor diversity also point to a consolidation.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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