Gold: Upside bias still persist amid supportive fundamentals – Credit Suisse
|Despite the latest downslide in gold to four-month lows of $1800, analysts at Credit Suisse still see the metal on the higher, as the fundamentals remain supportive.
Key quotes
“The decline in prices is mere 'bump in the road'.”
“The factors that supported the rise in price remain in place: monetary and fiscal policy remain accommodative and expansionary, low US real rates and a sliding US dollar.”
Related reads
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. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.