Time to Buy Gold: BCA Spots Bullish Opportunity at Real Yield Peak

BCA Research analysts believe gold's recent correction has ended because real interest rates have likely peaked and the US dollar could soon support the metal. After shifting to neutral earlier, the firm now recommends accumulating gold with a stop-loss at $3,900 an ounce. Commodities strategist Roukaya Ibrahim stresses focusing on real yields over inflation. She notes gold held the $4,000 level despite macro pressures, and the headwinds from rates and currency are probably over. The researchers argue gold is trading again as a macro asset, with central banks providing a market floor. They see low risk of extra Fed tightening and expect the dollar to become a tailwind long-term via reserve diversification.