- Analytics
- News and Tools
- Market News
- Gold Price Forecast: XAU/USD acceleration to moderate – TDS
Gold Price Forecast: XAU/USD acceleration to moderate – TDS
Gold price extended its bullish rally and gained more than 2% on Monday. Short-term, however, the Gold market should lose momentum, in the view of economists at TD Securities.
Financial system risks are ebbing
“The risk that the Fed hikes will be more robust than the market currently expected, technical dynamics, end to short covering suggest that Gold acceleration will moderate and there may be some give back at least some of the gains made on the back of the payrolls report and the systemic risk scare.”
“Convincing signals from authorities that they are ready to provide liquidity to stabilize financial firms, should they require it, should go a long way to reduce systemic risk concerns over time. This should increase risk appetite, reduce the probability of very poor economic outcomes and move expected rates somewhat higher.”
© 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
