Gold Price Forecast: XAU/USD to climb again once remaining rate hike expectations disappear – Commerzbank Gold XAUUSD InterestRate Inflation Banks
declined by just shy of 1% last week. Economists at Commerzbank analyze the yellow metal’s outlook ahead of the US inflation report.The focus is now turning to the US inflation figures that are due to be published on Thursday. We expect the price pressure to have eased further in July. This underlines our assumption that interest rates have peaked.
For Gold to begin climbing again, the market’s remaining rate hike expectations need to disappear. We expect this to happen during the course of the fourth quarter. We, therefore, believe that XAU/USD will initially continue to hover around the $1,950 mark and will then rise to $2,000 by year’s end.Information on these pages contains forward-looking statements that involve risks and uncertainties.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Gold Price Forecast: XAU/USD keeps $1,960 in the spotlight as United States inflation loomGold Price Forecast: XAU/USD keeps $1,960 in the spotlight as United States inflation loom – by anilpanchal7 Gold XAUUSD Inflation Fed RiskAversion
Consulte Mais informação »
Gold Price Forecast: XAU/USD struggles to capitalize on post-NFP bounce from multi-week lowGold Price Forecast: XAU/USD struggles to capitalize on post-NFP bounce from multi-week low – by hareshmenghani Gold Commodities Fed InterestRate XAUUSD
Consulte Mais informação »
Gold Price Forecast: XAU/USD sellers eye $1,915 and US inflation – Confluence DetectorGold Price Forecast: XAU/USD sellers eye $1,915 and US inflation – Confluence Detector – by anilpanchal7 Gold XAUUSD Confluences Inflation RiskAversion
Consulte Mais informação »
Gold Price Forecast: XAU/USD drops back closer to $1,930 level amid stronger US DollarGold price remains under selling pressure as it drops to a fresh daily low around $1,931 amid solid US economic data and a stronger US Dollar. The tightness in the labor market raises the odds of a soft landing for the US economy and supports the hawkish stance of the US central bank.
Consulte Mais informação »
Gold Price Forecast: Marked rise in yields sparked by rating downgrade a headwind to XAU/USD – CommerzbankDespite the US rating downgrade, the gold price dipped to a 3 1⁄2-week low of $1,925. Economists at Commerzbank compare this situation with the previous US rating downgrade. Gold price remains under pressure despite the downgrade.
Consulte Mais informação »
Gold Forecast: Volatile Session as Jobs Reports DropsGold markets experienced a slight downturn during Friday\u0027s trading session as they rebounded from the bottom of the bullish flag pattern that has been around
Consulte Mais informação »