PRECIOUS METALS | Gold Held Back by Real Rates and Strong Dollar, Analysts See Long-Term Bull Trend

Gold has been pressured by higher real interest rates and a stronger U.S. dollar, analysts said. According to Jin10, analysts described the past five months of weakness as a mid-term correction rather than a reversal, and said the longer-term bull market structure remained intact. They added that, under ideal conditions, gold could point toward $4,600.