- Gold Price Forecast: It is too early to see a sustained XAU/USD rally above $2,000 – TDS
Market news
22 November 2023
Gold Price Forecast: It is too early to see a sustained XAU/USD rally above $2,000 – TDS
Gold rose the most in a month to north of $2,000. Strategists at TD Securities analyze the yellow metal’s outlook.
The Fed has room to loosen monetary policy
Weakening data and moderating inflation have prompted some to think the Fed has room to loosen monetary policy, with markets now pricing in a roughly 30% chance of a rate cut in March.
This seems to be technical in nature, and it is too early to see a sustained rally that would keep Gold above $2,000.
We see rangebound trading around $1,979-$2,009.
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