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Gold Forecast: Depressed Real Yields and Delta Variant Worries May Boost Bullion Prices
2021-07-11 00:00:00
Diego Colman,
Market Analyst
GOLD PRICE WEEKLY FORECAST: SLIGHTLY BULLISH
Gold prices may have some room to run higher in the near term
Depressed real rates, concerns about the delta coronavirus variant and the slowdown in China may be seen as bullish variables for the yellow metal
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Gold (XAU/USD) may not yet be out of the woods entirely after June s massive sell-off, but it has some positive catalysts for near-term supportthat may drive its price towards the $1.850 mark. First, the decline in real yields in the United States can be seen as a bullish driver. For reference, the U.S. 10-year TIP briefly fell to a five-month low of -0.95% this week as the 10-year Treasury yield sank below 1.30%, its lowest level since mid-February. While the relationship does not always hold perfectly, rea
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