Gold Price Forecast: XAU/USD could even reach the $2,000 mark in the near future – Commerzbank

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27 October 2023

Gold Price Forecast: XAU/USD could even reach the $2,000 mark in the near future – Commerzbank

Gold is in considerable demand as a safe haven. Strategists at Commerzbank analyze the yellow metal’s outlook.

Fed’s decision unlikely to influence Gold very much

In view of the tense situation in the Middle East, the Gold price could even reach the $2,000 mark in the near future.

Gold should remain in demand in this environment, meaning that the Fed’s decision is unlikely to influence it very much.

See – Gold Price Forecast: XAU/USD outfaces US GDP strength and increasing chances of further hikes – Commerzbank

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