- Analytics
- News and Tools
- Market News
- Gold Price Forecast: XAUUSD to march forward in the coming months and quarters – Commerzbank
Gold Price Forecast: XAUUSD to march forward in the coming months and quarters – Commerzbank
The strong US dollar, which is the mirror opposite of the weak euro, is depressing the gold price. Nonetheless, economists at Commerzbank expect the yellow metal to recover in the coming months.
Upcoming recession in the US
“If it emerges from the ECB meeting that a more resolute approach to tackle inflation will be taken, gold could profit indirectly even though higher interest rates per se are bad news for gold as a non-interest-bearing investment.”
“Market participants increasingly appear to expect a recession in the US. Gold should really benefit from this as a safe haven. This is one reason why we anticipate higher gold prices in the coming months and quarters. That said, for this to happen the still strong ETF outflows would need to end and buying interest would need to return to the market.”
© 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
