Gold: High carry costs now, $5,000 target later – TD Securities
Di FXStreet Insights Team
Aggiornato: 8 Apr 2026
ARTICOLI POPOLARI
TD Securities strategists argue that higher energy-linked inflation and delayed Fed cuts keep the opportunity cost of holding Gold elevated in the near term. They also flag the lack of Middle East capital as a downside catalyst.
TD Securities strategists argue that higher energy-linked inflation and delayed Fed cuts keep the opportunity cost of holding Gold elevated in the near term. They also flag the lack of Middle East capital as a downside catalyst. However, as energy and rates normalize and the Dollar weakens, they expect Gold to return above $5,000 in late 2026.
Near-term headwinds, long-term bullish target
"Even with the ceasefire, it will take time to reverse higher inflation expectations along with higher energy, fertilizer, and chemical prices, making it difficult for the Fed to cut soon."
"This will keep the opportunity costs to holding precious metals elevated. The lack of Middle East capital in the gold market is also a downside catalyst."
"However, as broader normalization in energy and rates materialize and the dollar weakens, gold is likely to return above $5,000 in the latter part of 2026."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
Oltre un milione di utenti si affida a FXStreet per dati di mercato in tempo reale, strumenti di charting, approfondimenti di esperti e notizie Forex. Il loro calendario economico completo e i webinar formativi aiutano i trader a rimanere informati e a prendere decisioni ponderate. FXStreet conta circa 60 professionisti tra la sede di Barcellona e diverse regioni globali.
Leggi di più
