Gold may touch new peaks. Forecast as of 21.06.2024

Everyone was surprised when the precious metal was growing on the back of a stronger US dollar and rising US Treasury bond yields. The old correlations are returning, creating a tailwind for XAUUSD. Let's discuss this topic and make a trading plan.Quarterly fundamental forecast for goldGold, while lacking the trump cards of corporate profit growth and AI technology that have propelled the S&P 500's 15% rally this year, has its own unique drivers. The loss of confidence in fiat currencie