- Analytics
- News and Tools
- Market News
- Gold Price Forecast: XAU/USD to solidify in a higher range after weaker inflation – TDS
Gold Price Forecast: XAU/USD to solidify in a higher range after weaker inflation – TDS
The weaker US CPI print has seen Gold regain some of its shine. Economists at TD Securities analyze the yellow metal’s outlook.
A final 25 bps rate increase in Fed funds is still in the cards for the July FOMC meeting
While lower inflation is likely to prompt some short covering from traders and ultimately offer the yellow metal some much-needed support, the accumulation of broadly firmer-than-expected activity over the past few weeks and the Fed's clear inclination to hike again, suggests a final 25 bps rate increase in Fed funds is still in the cards for the July FOMC meeting.
Nonetheless, as fears were rising that the Fed's bark could be as bad as its bite, weaker inflation is likely to tame these concerns and could see the yellow metal solidify in a higher range as markets look toward the easing of Fed policy.
© 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
