Gold: Prices guided by the future moves of Central Banks – TD Securities

Sandeep Kanihama FXStreet Contributor

According to TD Securities analysts, the major focus of financial markets this week will be the ECB meeting, as well as CPI and retail sales data in the US heading into next week's Fed.

Key Quotes

“For precious metal markets, the extent of stimulus announced at the ECB meeting, and how the US data impacts Fed pricing heading into next week's meeting, will be of keen importance.”

“Given positioning in precious metals is extremely skewed to the long side, any disappointment in expectations of how dovish central banks will be moving forward could spark a short term consolidation in prices near or below $1,500/oz, while meeting expectations should keep prices firm.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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