• Gold Price Forecast: Confirmation of the Fed’s terminal federal fund rate will be a tailwind for XAU/USD – ANZ

Noticias del mercado

24 julio 2023

Gold Price Forecast: Confirmation of the Fed’s terminal federal fund rate will be a tailwind for XAU/USD – ANZ

Recent retracement in the US yields and the US Dollar supported Gold prices. Economists at ANZ Bank analyze the yellow metal outlook.

The risk of a US recession could lift Gold investment

Weakening economic data saw US yields and the USD falling sharply, providing much needed support to the Gold market. Slowing inflation in China is increasing the prospect of the Fed pausing its rate raising cycle after its July meeting.

This has built up speculative long positions while failing to curb outflows of exchange-traded funds. The risk of a US recession, evident in the inverted yield curve, could lift Gold investment.

 

Enfoque del mercado
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
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: