- Analytics
- News and Tools
- Market News
- Gold Price Forecast: Below consensus CPI print could help XAU/USD find further support – TDS
Gold Price Forecast: Below consensus CPI print could help XAU/USD find further support – TDS
Economists at TD Securities analyze Gold price outlook ahead of the US Consumer Price Index (CPI) report.
Fed's bark could be as bad as its bite
Gold prices are finding a footing with CPI on the radar for on Wednesday, and on that note, we are expecting a below consensus CPI print, which could help the yellow metal find further support. However, given the accumulation of broadly firmer-than-expected activity over the past few weeks and the Fed's clear inclination to hike again, we are now looking for a final 25 bps rate increase in the Fed funds at the July FOMC meeting, which suggests the precious metal is not quite ready to take off just yet.
With fears rising that the Fed's bark could be as bad as its bite, the yellow metal is likely to remain under pressure for the time being.
See – US CPI Banks Preview: Inflation to step meaningfully lower in June
© 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
