- Analytics
- News and Tools
- Market News
- Gold Price Forecast: XAU/USD to be kept in check by the possibility of another Fed rate hike – Commerzbank
Gold Price Forecast: XAU/USD to be kept in check by the possibility of another Fed rate hike – Commerzbank
Economists at Commerzbank discuss Gold (XAU/USD) outlook.
Central banks planning further Gold purchases
Gold price dipped to a two-month low this week, but has recovered noticeably again in the meantime. Though it now seems likely that the Fed will take a break from its rate hike cycle in mid-June after all, a further rate increase is not off the table entirely. This should keep the gold price in check for the time being.
According to a survey conducted by the World Gold Council, central banks are planning to buy further Gold following their record purchases last year. Central bank purchases do not necessarily drive up the Fold price – but they could help prevent any fall in prices.
© 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
