OctaFX | OctaFX Forex Broker
Open trading account
Back

Gold: Slightly undervalued – ANZ

Falling treasury yields, weaker dollar, heightened macro uncertainty and a volatile equity market form a backdrop conducive to a rising gold price, as strategists at ANZ Research note. XAU/USD is trading at 1640.35.

Key quotes

“Gold remains a risk diversifier and a good hedge against elevated geopolitical risk, in the near term.”

“Synchronous central bank rate cuts are the key to supporting gold investment demand. The upside risk for gold has increased to USD1,900/oz.”

“Even with gold having rallied 10% this year, our valuation model suggests it is still slightly undervalued.”

 

Oil: Supply is more concering than demand – ANZ

With the collapse of the OPEC+ production cut agreement, the oil market is facing a shock to both demand and supply. Floating storage levels are alrea
Read more Previous

US Dollar Index Price Analysis: Next target emerges at the 97.80 region

After bottoming out in the 96.60 area on Monday, DXY has embarked in a corrective upside to the current vicinity of 97.00. This area of resistance is
Read more Next
Start livechat