Givtrade analyst: The gold price outlook remains positive

In a comment on 10 July, Givtrade analyst Waleed stated that the gold outlook remained optimistic. He noted that gold was currently in the “complex mix of risk avoidance needs and interest rate pressures”. “The broader gold outlook is still underpinned by geopolitical shocks, the diversification of central bank assets and the need for portfolio protection.” He added, however, that further increases might require softer United States labour market data, lower real rates of return or higher geopolitical risk premiums。