- Analytics
- News and Tools
- Market News
- Gold Price Forecast: XAU/USD to move higher over H2 as Fed should start cutting rates toward year-end – ING
Gold Price Forecast: XAU/USD to move higher over H2 as Fed should start cutting rates toward year-end – ING
Fed policy will be key for Gold over the medium term, strategist at ING report.
Fed’s rate path crucial to Gold trajectory
“We think the Fed will wait until the fourth quarter, but will end up cutting interest rates more aggressively, at least in the early stages, forecasting 50 bps rate cuts at both the November and December FOMC meetings with the Fed funds rate getting down to 3% by mid-2024.”
“We would expect real yields to follow policy rates lower later in the year, which should prove supportive for Gold prices.”
“We see prices moving higher over the second half of next year, given that the Fed should start cutting rates towards the end of this year.”
© 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
