Gold Price Forecast: Rising Yields Complicate Rebound Effort
Gold Price Forecast: Rising Yields Complicate Rebound Effort - Levels for XAU/USD Advertisement Gold Price Outlook: The shiny metal rockdoesn’t offer a coupon, dividend, or cash flow. Comparatively speaking, this leaves gold at a disadvantage in an environment defined by appealing growth prospects and rising real yields (returns in excess of inflation). Gold prices are struggling to climb back above the downtrend from the January and February swing highs, and in turn, have not yet reclaimed the rising trendline from the March and November 2020 lows – the pandemic uptrend. According to the...
Source: dailyfx.com