- Gold Price Forecast: XAU/USD unlikely to move sustainably toward $2,100 until US economic data weakens – TDS
Noticias del mercado
6 noviembre 2023
Gold Price Forecast: XAU/USD unlikely to move sustainably toward $2,100 until US economic data weakens – TDS
Gold has started the new week on the back foot. Economists at TD Securities analyze the yellow metal’s outlook.
There may be quite a bit of volatility in the Gold market
Once the market is convinced that the Fed's next move is a cut and they are more certain about the timing, it is likely that investors will continue to build out long exposure. However, with data still strong there may be quite a bit of volatility in the Gold market.
We don’t expect a sustained move toward our $2,100 target until US economic data weakens materially.
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