- Analytics
- News and Tools
- Market News
- Gold Price Forecast: XAU/USD resilient against the sharp rise in yields – TDS
Gold Price Forecast: XAU/USD resilient against the sharp rise in yields – TDS
Gold prices weathered the Fed’s hawkish signal in the latest meeting. Strategists at TD Securities analyze the yellow metal’s outlook.
Economic data will be instrumental in determining Gold's direction
Chair Powell delivered a hawkish surprise, reiterating the ‘higher for longer’ narrative that has been the worst fear for the Gold bugs.
Looking forward the economic data will be instrumental in determining Gold's direction. At the same time, strong physical markets continue to provide an offset to traditional macroeconomic relationships, underscoring the resilience of the yellow metal's prices against the sharp rise in yields.
© 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
