- Analytics
- News and Tools
- Market News
- Gold Price Forecast: XAU/USD unlikely to settle above $2,200 until the Fed tilts towards the dovish side – TDS
Gold Price Forecast: XAU/USD unlikely to settle above $2,200 until the Fed tilts towards the dovish side – TDS
Gold performed poorly over the last week. Economists at TD Securities analyze the yellow metal’s outlook.
Only weaker US data is likely to convince the Fed to tilt toward the dovish side
With prices again moving well above the psychologically important $2,000 mark, there may likely be more short covering and new longs coming this week.
But only weaker US data is likely to convince the Fed to tilt toward the dovish side. This implies that a convincing upward trend to our $2,200 average price next quarter is unlikely to develop until then.
© 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
