- Analytics
- News and Tools
- Market News
- Gold Price Forecast: XAU/USD back under pressure as markets correct its rate cut expectations – Commerzbank
Gold Price Forecast: XAU/USD back under pressure as markets correct its rate cut expectations – Commerzbank
Gold price back at $2,000 after Fed meeting. Economists at Commerzbank expect the yellow metal to see renewed downside pressure as the market will be forced to correct its expectation of a rapid interest rate turnaround again.
Robust Swiss Gold exports to Asia in February
“Currently the market expects key rates in the US to be lowered before year’s end, which has recently lent buoyancy to the Gold price again. However, we believe that the market will be forced to correct its expectation of a rapid interest rate turnaround again. This is likely to put XAU/USD back under pressure.”
“The fact that the price level has repercussions for physical demand should not be ignored: Swiss Gold exports indicate that demand for Gold in China and India, in February at least, was considerably higher because prices were lower then. China’s Gold imports from Hong Kong should likewise turn out to have been correspondingly robust.”
© 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
