Gold Price Forecast: XAU/USD at risk of plunging below $1,500 – Credit Suisse Gold XAUUSD Metals Banks
Rising US Real Yields seen as a major negative driver for gold
“Below support at $1,759/54 is needed to clear the way for a retest of major support at $1,691/77 – the key lows for the year from March, April and August.” “Whilst we would expect the $1,565/61 zone to hold at first, big picture, we would see scope for an eventual fall to $1,452/40.”Information 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. You should do your own thorough research before making any investment decisions.
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