- Analytics
- News and Tools
- Market News
- Gold Price Forecast: XAU/USD to climb to $1,950 in 1Q22 due to high inflation and delayed Fed rate hikes – SocGen
Gold Price Forecast: XAU/USD to climb to $1,950 in 1Q22 due to high inflation and delayed Fed rate hikes – SocGen
The commitment from the Fed to support the economy, while letting inflation print higher, prompts strategists at Société Générale to revise up their gold forecast. They expect XAU/USD to average $1,950 in the first quarter of 2022.
XAU/USD to fall towards $1,700 in 4Q22
“We are still slightly supportive in the near-term as we expect monetary and fiscal policy to remain highly accommodative. Indeed, the Fed seems to be reluctant to increase interest rates any time soon, this combined with high inflation create the perfect mix of negative real rates for gold.”
“The renewed commitment from the Fed to support the economy while letting inflation printing higher lead us to revised up our forecast. We now expect price to average $1,950 in 1Q22. Then it should gradually decline down to $1,700 in 4Q22 as the situation normalises.”
See – Gold Price Forecast: XAU/USD to form an uptrend by March 2022 – TDS
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
