Gold price rally looks beyond stable U.S. weekly jobless claims

Impact · against what's priced in

The current rise in gold prices and bullish forecasts from RBC and TD Securities provide positive momentum for these institutions' commodities outlooks. However, the hawkish stance of Fed Chair Kevin Warsh regarding inflation creates a countervailing headwind for gold's upward trajectory.

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In context

Spot gold's rise to $4,466.90 and RBC's forecast of prices hitting $5,000/oz suggest strong upside for commodities-linked revenue.

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• labor market▲300%
• inflation
• rates
• fed
• RY
• TD
• gold
• jobless claims
• monetary policy
• precious metals