- Gold Price Forecast: XAU/USD may trend lower given high rates for longer and a firm USD – TDS
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23 tháng 10 2023
Gold Price Forecast: XAU/USD may trend lower given high rates for longer and a firm USD – TDS
Gold climbed amid the rising geopolitical crises. Strategists at TD Securities analyze the yellow metal’s outlook.
XAU/USD needs more instability to continue its race higher
With the yellow metal trading at $1,980, there would need to be more instability such as a broadening of the conflict to the broader Middle East for the rally to continue.
It is likely that Gold may trend lower, given high rates for longer and a firm USD.
See – Gold Price Forecast: XAU/USD could chalk up some additional gains if Middle East conflict widens – Commerzbank
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