Gold Pricing Remains Supported Amid Dollar Debasement and Uncertain Fed Hikes

The recent rally in gold has been deemed premature by TD Securities' analysts Ryan McKay and Bart Melek, citing lingering inflation concerns and renewed hike pricing for 2027.

Despite a more hawkish tone from Fed Chair Warsh at the Jackson Hole speech, positioning in Gold remains resilient, with TD Securities noting that 'pricing has remained well-supported.'

The analysts argue that the broader backdrop for precious metals has improved due to dollar debasement and uncertain Fed hikes, leading them to believe that material downside is unlikely.