Gold Will Struggle to Match Recent Highs, Rabobank’s Foley Says

Market Intelligence Analysis

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Why This Matters

Gold is unlikely to reach recent highs due to a lack of evidence for a debasement trade, according to Jane Foley, head of FX strategy at Rabobank.

Market Impact

Neutral to bearish for gold prices, potentially leading to a short-term decline or stabilization.

Sentiment
Bearish
AI Confidence
70%

Article Context

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Jane Foley, head of FX strategy at Rabobank, sees very little evidence of a debasement trade as gold pulls back from record highs. (Source: Bloomberg)

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Original article published by Bloomberg on October 22, 2025.
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