Gold: Near-term pressure, longer-term strength – TD Securities

💡 DMK Insight

Gold forecasts just got slashed, and here’s why that matters: rising inflation expectations are pushing yields up and keeping the Dollar strong. With TD Securities adjusting their outlook for Gold, traders need to pay attention to how these higher yields impact the precious metal’s appeal as a safe haven. If inflation continues to rise due to supply shocks, we could see Gold struggle to maintain its value, especially with the market pricing in a potential Fed hike as far out as late 2026. This scenario could lead to increased volatility in Gold prices, making it crucial for traders to monitor key levels around recent support and resistance zones. On the flip side, if inflation expectations stabilize or the Fed signals a more dovish stance, Gold could find renewed interest. Watch for any shifts in economic data or Fed commentary that could influence these dynamics, particularly in the coming weeks as we approach critical economic reports.