Gold trades near 8-month high and analysts expect its rise to continue
Publishing timestamp: 2023-01-10 11:12:18
Summary
Gold prices are near 8-month highs, buoyed by lower yields and weaker dollar. Analysts expect gold to continue its momentum as investors seek a safe haven from currency debasement. JPMorgan and Credit Suisse have bullish forecasts for gold in 2023, with JPMorgan expecting gold to average $1860/oz in the fourth quarter and Credit Suisse projecting a year-end price of $1650/oz.
Sentiment: POSITIVE
Tickers: US10Y, .SPX, JPM, CS, XAU=, .DXY,
Keywords: united states, investment strategy, economy, economic events, s&p 500 index, dxy us dollar currency index, gold / us dollar spot, jpmorgan chase & co, u.s. 10 year treasury, london, commodity markets, business news, markets, central banking, credit suisse group ag,