Gold Price Forecast: XAU/USD prospects remain positive as investors bet on lower interest rates – Scotiabank
Source Fxstreet
Gold remains firm after making a marginal new high for the move up earlier. Economists at Scotiabank analyze the yellow metal’s outlook.
Gold strength and a firm USD look a little odd; something may have to give
Prospects remain positive as investors bet on lower global interest rates, perhaps look for diversification opportunities away from elevated stocks or, in the case of central banks, continue to reduce exposure to the USD (net central bank gold purchases have grown strongly in the past two years, reports indicate).
Broadly, history suggests higher Gold prices are usually associated with a softer tone in the USD so Gold strength and a firm USD look a little odd; something may have to give.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Binance Narrowly Intercepts $3 Billion; BNB Makes Strong V-Shaped Rebound Past $700, Targeting $800 in the Short Term.On October 30, impacted by a black swan event of a hacker attack, Bin
US Q3 GDP rose 3.4%, above the 3.1% estimate, while September headline PCE hit 3.6% and core held at 3.1%. December hike odds are near 90%; inventories, AI capex and energy explain why.
Nasdaq-100 futures fell 500 points after Alphabet -12.6%, Amazon -8% and Intel -23%. Capex is not the problem: Amazon's holiday guide and Intel's weak Q4 guidance show demand is.
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 30, 2026. Read on for the details.
On October 30, gold (XAUUSD) and Bitcoin (BTC) continued to face pressure. U.S. September PCE inflation data showed year-over-year increases in both headline and core inflation. Coupled w
Related Instrument
