Fundamentals will maintain gold's shine
La Fed no tiene motivos para endurecer su política monetaria, lo que debería facilitar que el oro retome la tendencia alcista de fondo. Leer
The US Federal Reserve has no reason to tighten its monetary policy, which should allow gold to resume its long-term upward trend. According to Vontobel, gold prices will likely trade at current levels during the third quarter, but the potential for growth outweighs the risks for this summer and autumn. The price of gold has been influenced by expectations of US interest rates, with total gold ETF holdings falling 4.5% since March.
Vontobel maintains a constructive view on gold in the medium term, citing ongoing central bank reserve diversification, solid physical demand from Asia, and concerns over high sovereign debt levels.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
