Gold Price Forecast: XAU/USD to suffer a substantial drop on a break below $1,914 – TDS Gold XAUUSD Fed Banks
“The massive impulse in gold demand from ETF and comex flows could be coming to an end, in line with historical analogs as safe-haven flows tend to be short-lived. However, the bar is also razor thin for substantial trend follower liquidations in gold, while consumer demand is now showing signs of weakness following the surge in prices. rise dramatically in past weeks, we could now see a coordinated reversal in flows. To start, a break below $1914/oz would catalyze a substantial selling program.
“If the market has started to discount a future in which the growth shock could fade at a faster pace than the inflation shock, as we expected, then gold prices could be especially vulnerable to a more hawkishInformation on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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