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27 Oct 2022

Gold Price Forecast: Haven flows not enough to reverse bearish trend anytime soon – ANZ

Gold price is stalling a two-day upswing towards $1,700. Strategists at ANZ Bank expect the yellow metal to remain under downside pressure.

XAU/USD to remain under pressure

“The hawkish tone of the central banks is keeping US real yields and the US dollar on a strong footing. While recession fears grow due to rising rates and sticky inflation, we should see some haven flows but not enough to reverse the bearish trend anytime soon.”

“We expect gold to remain under pressure.”

See – Gold Price Forecast: XAU/USD to suffer further falls with a top in place – Credit Suisse

Oct 27, 2022

Lagarde speech: We have not finished normalization

Christine Lagarde, President of the European Central Bank (ECB), is delivering her remarks on the policy outlook and responding to questions from the

EUR/USD: Sellers remain in control around the parity level

EUR/USD now comes under further downside pressure and prints new daily lows in the vicinity of 0.9970 on Thursday, where some interim contention seems