- Gold Price Forecast: XAU/USD selling continued – ANZ
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5 tháng 10 2023
Gold Price Forecast: XAU/USD selling continued – ANZ
Gold prices continued to inch lower on Wednesday. Strategists at ANZ Bank analyze the yellow metal’s outlook.
Expectations of a tighter monetary policy to sustain for longer raised
Weak ADP job reports lowered market expectations of a November rate hike from 30% to 20% as suggested by Bloomberg. However, Gold selling continued.
Investors responded to increasing market conviction of ‘higher for longer’ interest rates by selling Gold ETF holdings.
See – Gold Price Forecast: XAU/USD could bottom out at just shy of $1,820 – Commerzbank
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