• Gold Price Forecast: XAU/USD direction hinges on news coming out of the Middle East – Commerzbank

Notícias do Mercado

24 outubro 2023

Gold Price Forecast: XAU/USD direction hinges on news coming out of the Middle East – Commerzbank

Gold price is continuing to profit from the Middle East crisis. Economists at Commerzbank analyze the yellow metal’s outlook.

Gold in demand as safe haven

The news coming out of the Middle East is likely to continue to dictate the direction for Gold, whereas previously dominant factors such as changes in bond yields have taken a back seat. 

The normally negative correlation with the US Dollar has also been loose of late because both Gold and the USD are regarded as safe havens.

 

US Dollar gets momentum from strong PMIs
AUD will receive additional upside momentum if inflation eases less quickly than expected – Commerzbank
O foco de 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 Conta Demo e Página Pessoal
Compreendo e aceito a Política de Privacidade e concordo que os meus dados sejam processados pela TeleTrade e usados para os seguintes efeitos:
Área pessoal
Área pessoal
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.

Política de privacidade

© 2000-2023. Todos os direitos são reservados.