Gold: Debasement narrative lifts prices – TD Securities
TD Securities’ Bart Melek notes that Gold has rallied sharply as recent U.S. Dollar weakness and concerns over Fed credibility and Treasury bond-market intervention drive fresh long positioning.
TD Securities analyst Bart Melek observes that gold prices have surged significantly due to weakening U.S. Dollar, doubts about the Federal Reserve's credibility, and potential Treasury bond market interventions. These concerns have reignited the narrative around USD debasement, fueling a renewed interest in gold among investors. However, TD Securities believes that the market may not reach its $5,350 per ounce target just yet.
Written by urgent.news from FXStreet's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- US Dollar: Debasement narrative caps upside – OCBC fxstreet.com
