- Analytics
- News and Tools
- Market News
- Gold Price Forecast: XAU/USD to have little reason to move significantly higher anytime soon – TDS
Gold Price Forecast: XAU/USD to have little reason to move significantly higher anytime soon – TDS
Gold fell last week as investors bet on further rate hikes by the Fed. Economists at TD Securities analyze XAU/USD outlook.
High probability of another 25 bps in late-July
Investors are worried that a lack of economic weakness in the US and core inflation trending more than double the US central bank's inflation target will force policymakers to deliver on additional rate hikes in the coming months. Indeed, the futures market is pricing a high probability of another 25 bps in late July.
While there are fewer price pressures in the economy, recent data suggest that rates will move higher on the front end of the curve and stay at elevated levels for some time, which implies that Gold will continue to have little reason to move significantly higher anytime soon.
© 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
