Today’s gold futures forecast integrates falling real yields as a net positive, with 10-year TIPS rates easing to 1.7%, a bullish signal often correlated with gold appreciation. Let's delve deeper into each type of owner of Western Copper and Gold, beginning with the chart below. Buyers of gold fall into two broad groups, according to Goldman Sachs Research. Conviction buyers tend to purchase the yellow metal consistently, regardless of the price, and based on their view on the economy or to hedge risk. These include central banks, exchange-traded funds, and speculators. Their thesis-driven flows set the price direction. The gold futures forecast remains supported by demand hedges as Middle East tensions persist. COMEX contracts for April delivery climbed 0.4%, with analysts suggesting safe-haven flows could keep the price above the 50-day moving average level.
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