Gold Price Forecast: Sovereign investors still favour XAU/USD as an inflation hedge – ANZ Gold XAUUSD CPI Inflation Banks
The weaker USD helped reverse earlier losses in the gold market. However, traders remain wary ahead of the CPI data. Even if inflation falls, the market is still expecting the US Federal Reserve to raise rates later this month.
The market is finding support from sovereign investors. A survey from Invesco indicated they still favour gold as an inflation hedge.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.
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