Gold Price Forecast: XAU/USD unlikely to see an immediate catalyst to a further leg-up – SocGen

Gold recorded strong gains in 2023. Strategists at Société Générale analyze the yellow metal’s outlook.

Gold had its moment in the spotlight late last year

Gold had its moment in the spotlight late last year, hitting a new all-time high in December as the Federal Reserve signalled an inflection point in its tightening cycle.

As the saying goes ‘it is better to travel well than to arrive’, and it is hard for us to see the immediate catalyst to a further leg-up.

See – Gold Price Forecast: Slightly weaker XAU/USD is justified in the short term – Commerzbank