ANZ Maintain Higher Gold Price Outlook

Published date: .

  • Gold prices extended recent gains amid strong investor demand. 
  • The prospect of further stimulus to combat the pandemic's economic fallout is bolstering sentiment; while increased geopolitical tensions have supported safe haven demand. 
  • The collapse in real yields continues to bolster investor appetite for the precious metal. 
  • The real yields on 10y US Treasuries have collapsed

Nothing new here of course, but a useful reminder.    

And more than that, yields are a key to watch for the gold outlook, should they rise or show reasons to rise that will be a factor reducing the demand for gold. not yet though. 

Brief comments from ANZ on gold

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