✉news BusinessBanking first seen 1 d ago, last 20 h ago, peak #1
Gold outlook pressured by strong dollar but central-bank buying supports
Original: POLL Strong dollar, high yields drag on gold outlook, but central-bank demand lends support
A Reuters poll of analysts finds the outlook for gold is being dragged down by a strong US dollar and high bond yields, which raise the opportunity cost of holding the metal. However, persistent buying by central banks is expected to lend support to prices. Respondents remain divided on how these opposing forces will balance out in the coming months.
Why now: Fresh survey results on gold price prospects are circulating amid market focus on dollar strength, yields and central-bank demand.
goldReuterscentral banksUS dollar
Evidence
- POLL Strong dollar, high yields drag on gold outlook, but central-bank demand lends support · Reuters
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