Gold Price News and Forecast: Gold stronger USD is a short-term blip – ANZ
In the day ahead, it remains to be seen if the metal sustains the pullback, as the focus shifts back to the fundamentals, with major central banks' on-hold and the coronavirus resurgence. The stronger USD and rising real rates have suppressed investor appetite, but strategists at ANZ Bank believe gold's safe haven appeal will remain strong because of renewed volatility in the equity market and ongoing macro and geopolitical uncertainty. Read Moor... Gold on the defensive, below $1870 level amid stronger USD. Investors remain concerned that the second wave of coronavirus infections could threaten the economic recovery, which, in turn, continued benefitting the US dollar's status as the global reserve currency.