DBS and OCBC’s prediction for Gold: “Buy the dip” amid two-way risks

Gold (XAU/USD) trading is defined by a sharp divide between short-term tactical traders and long-term structural buyers. Gold (XAU/USD) trading is defined by a sharp divide between short-term tactical traders and long-term structural buyers. While elevated real yields and restrictive Federal Reserve policies have encouraged speculative sellers to build short positions, the metal continues to find a firm… Gold (XAU/USD) trading is defined by a sharp divide between short-term tactical traders and long-term structural buyers. Gold (XAU/USD) trading is defined by a sharp divide between short-term tactical traders and long-term structural buyers. While elevated real yields and restrictive Federal Reserve policies have encouraged speculative sellers to build short positions, the metal continues to find a firm floor through consistent central bank demand and resilient ETF accumulation. This creates a market structure where near-term volatility is high, yet the underlying long-term uptrend remains supported by macroeconomic… For traders, this matters because commodity headlines often feed directly into inflation expectations, sector rotation and currency pricing. Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.