Gold Price Forecast: XAU/USD will move to new highs – TDS
Source Fxstreet
Gold (XAU/USD) consolidates its gains after reaching a fresh 2024-high above $2,080. Strategists at TD Securities analyze the yellow metal’s outlook.
More data weakness needed for takeoff
It is hoped that the combination of lower yields, which are likely to attract discretionary investors into futures and ETFs, along with strong physical markets in China and robust central bank buying, will move Gold to new highs.
We believe that the yellow metal is set to move into $2,300+ territory, once there is more certainty surrounding the timing and magnitude of the pending Fed pivot.
But there will still need to be more evidence that the economy is slowing sufficiently to facilitate a steady drop in inflation before this rally becomes sustainable and moves to our target.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
As of Tuesday's Asian session (November 10), gold prices (XAUUSD) pulled back slightly today after surging on Monday, falling about 0.56% intraday to trade near $4,120. Earlier, gold rose
Nvidia fell 4.3% on a day the Nasdaq rose 2.7% — this is a governance discount, not an AI warningNvidia closed at $178.67 on November 9, down 4.27% with an intraday low of $170.24, while the Nasdaq rose 2.74% and the Philadelphia Semiconductor Index jumped 6.85%. Volume was roughly 2.5 times the prior session. The board opened an independent review after CEO Jensen Huang's public statement about his personal life. With Q3 earnings on November 17, the two levels that matter are $170.24 and $200."
Nvidia closed at $178.67 on November 9, down 4.27% with an intraday low of $170.24, while the Nasdaq rose 2.74% and the Philadelphia Semiconductor Index jumped 6.85%. Volume was roughly 2.5 times the prior session. The board opened an independent review after CEO Jensen Huang's public statement about his personal life. With Q3 earnings on November 17, the two levels that matter are $170.24 and $200."
China's factories are pricing in 5.7%. Its shoppers are pricing in 0.7%.China's October PPI rose 5.7% year on year, the fastest since June 2022, while CPI slowed to 0.7% and core CPI to 0.8%. Input prices rose faster than factory-gate prices, squeezing mid-stream margins by roughly five percentage points. The Hang Seng fell 0.13% on a day the S&P 500 rose 2.35%, the only major market to sit out the risk-on session.
China's October PPI rose 5.7% year on year, the fastest since June 2022, while CPI slowed to 0.7% and core CPI to 0.8%. Input prices rose faster than factory-gate prices, squeezing mid-stream margins by roughly five percentage points. The Hang Seng fell 0.13% on a day the S&P 500 rose 2.35%, the only major market to sit out the risk-on session.
US President Donald Trump says military action against Iran doesn't seem to be necessaryUS President Donald Trump said that further strikes on Iran wouldn’t be necessary, but the US remains “locked and loaded,” Bloomberg reported on Monday. Trump added that there is "positive momentum" towards an end to the Iran war.
US President Donald Trump said that further strikes on Iran wouldn’t be necessary, but the US remains “locked and loaded,” Bloomberg reported on Monday. Trump added that there is "positive momentum" towards an end to the Iran war.
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 10, 2026. Read on for the details.
Related Instrument
