- Analytics
- News and Tools
- Market News
- Gold Price Forecast: XAU/USD likely to fall further short term as hopes of rate cuts in H1 fade – MUFG
Gold Price Forecast: XAU/USD likely to fall further short term as hopes of rate cuts in H1 fade – MUFG
Precious metals declined on the back of hotter-than-expected US inflation report. Economists at MUFG Bank analyze the market’s outlook.
Higher interest rates are typically negative for precious metals
Silver and PGMs (Platinum and Palladium) have hammered lower in line with Gold’s fall, but still stand to bounce on barging hunting.
Higher interest rates are typically negative for precious metals, as they are non-interest-bearing. The Gold price is likely to fall further short term as hopes of rate cuts in H1 2024 fade, but significant cuts could come later in the year so Gold weakness should only be temporary.
© 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
