Gold Price Forecast: XAU/USD trending to recent high would not be a big surprise – TDS

Market news

3 January 0001

Gold Price Forecast: XAU/USD trending to recent high would not be a big surprise – TDS

Economists at TD Securities analyze Gold’s outlook after a weak Nonfarm Payrolls report on Friday.

The Fed is likely done hiking

The 150K October US payrolls print, which was below the 180K market consensus, along with last month's downward revision, higher unemployment and moderating earnings will all be interpreted as meaning that the Fed is likely done hiking.

The Gold market will also think that rates along the curve will ease, which is all positive for Gold.

It would not be a big surprise to see Gold trend to recent highs.

AUD/USD Forecast: More losses likely while under 0.6500

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.