External broker reports(aggregated public sources), ABN AMRO

ABN AMRO

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External broker reports(aggregated public sources)

Starting to Glitter (Luk Fook Holdings 590.HK)

Global Liquidity On The Rise: Is This Gold’s (And BitCoin’s) Breakout Moment?

Macroeconomics

<div data-component-type="container"><ul><li>In 2023 gold prices have traded in a USD 1,800-2,000 per ounce range for most of the time. In periods of a stronger US dollar and higher US real yields gold prices moved towards the USD 1,800 level. Recently, gold prices have rallied to USD 2,000 again.</li><li>The recovery in gold prices has happened against the background of lower US real yields, the possible end of the tightening  cycles by the Fed and ECB and the situation in the Middle East (see above). Gold prices face difficulty to move and stay above USD 2,000 and/or to decline below USD 1,800.</li></ul></div><div data-component-type="container"><ul><li>For the coming months we don’t expect a change in these dynamics. However the start of the easing cycle and the large amount of rate cuts we expect for the Fed and the ECB in 2024 should be supportive for gold prices, especially as we expect more aggressive rate cuts by both central banks than the market.</li></ul></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

In 2023 gold prices have traded in a USD 1,800-2,000 per ounce range for most of the time. In periods of a stronger US dollar and higher US real yields gold prices moved towards the USD 1,800 level. Recently, gold prices have rallied to USD 2,000 again.The recovery in gold prices has happened against the background of lower US real yields, the possible end of the tightening  cycles by the Fed and ECB and the situation in the Middle East (see above). Gold prices face difficulty to move and stay above USD 2,000 and/or to decline below USD 1,800.For the coming months we don’t expect a change in these dynamics. However the start of the easing cycle and the large amount of rate cuts we expect for the Fed and the ECB in 2024 should be supportive for gold prices, especially as we expect more aggressive rate cuts by both central banks than the market.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Gold price outlook