Gold prices remain under pressure due to hawkish Fed expectations, despite a weaker USD. The report suggests a potential break of the USD 4,000/oz support level in the near term.
Key Takeaways
- 1.Gold prices are under pressure due to hawkish Fed rate hike expectations, despite a lower US dollar.
- 2.A break below USD 4,000/oz in gold could trigger further sell-stops, though it may eventually attract central bank or bargain-hunter interest.
- 3.Silver and platinum are fundamentally undervalued but are falling in the slipstream of gold's weakness.
Table of Contents
- Precious metals overview
- Market focus, emerging trends
- Disclaimer & Disclosures
- Disclosure appendix
- Additional disclosures
- Disclaimer
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Authors
James Steel
Securities
XAUSilver
Themes
GeopoliticsMonetary Policy
Regions
Middle EastUnited StatesIranChina