Strategists at TD Securities analyze the yellow metal’s outlook.
Fed set to pivot to a less restrictive stance Provided the conflict does not spread into key Oil producing, the Fed’s higher-for-longer narrative should see some of the risk premium associated with Gold unwind over the next few weeks. We see the yellow metal move sustainably into $2,100 territory as the Fed pivots to a less restrictive stance, the official sector keeps buying and the USD weakens.
Gold Price Forecast: XAU/USD buyers recapture $2,000, what’s next?Gold price has entered a phase of consolidation at the start of a new week, following a massive surge to a fresh five-month high of $2,009 set last Fr Read more ⮕
Gold Price Forecast: XAU/USD to soar on a regional escalation of the Middle East conflictGold should remain a good hedge, despite worries that rates will remain higher for longer, economists at UBS report. Read more ⮕
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Gold Price Forecast: XAU/USD dips below $2000 as Middle East conflict fears easeGold price (XAU/USD) fell below the $2000 mark late in the New York session, registering losses of 0. Read more ⮕
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