Gold: Upside bias still persist amid supportive fundamentals – Credit Suisse

Dhwani Mehta FXStreet

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.”

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Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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