Gold Price Forecast: XAUUSD to struggle amid higher interest rates and firm US dollar – Commerzbank Gold XAUUSD Fed InterestRate Banks
Gold will find it difficult to recover unless there is a reversal of ETF flowsare limiting gold’s upside potential as a non-interest-bearing investment, while the high inflation rates are preventing gold – in its capacity as a store of value – from sliding. This is not likely to change next week either, which is when the“The minutes will doubtless reflect the Fed’s determination to regain control of the high inflation by implementing sizeable rate hikes.
“ETF investors have been turning their backs on gold again of late and selling shares. Unless there is a reversal of ETF flows, the gold price will likely find it difficult to recover.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Gold Price Forecast: XAU/USD bears eye $1,800 ahead of Fed’s preferred inflation dataGold Price (XAU/USD) licks its wounds around the intraday low of $1,815 as traders await the key US data during early Thursday morning in Europe. Even
Baca lebih lajut »
Gold Price Forecast: XAUUSD seems vulnerable near two-week low, eyes US PCE inflation dataGold Price Forecast: XAUUSD seems vulnerable near two-week low, eyes US PCE inflation data By HareshMenghani Gold Commodities Fed Inflation XAUUSD
Baca lebih lajut »
Gold Price Forecast: XAU/USD oscillates above $1,800 amid USD rebound, ahead of US ISM PMIGold price (XAU/USD) is holding itself above the psychological support of $1,800.00. The precious metal is declining gradually and is expected to rema
Baca lebih lajut »
Gold Price Update – Grinding Into Multi-Week SupportIn the US Treasury market, yields are marginally lower – normally a gold supportive scenario – with the benchmark UST 10-year trading with a yield of 3.14%, down from 3.24% on Monday. Get your market update from nickcawley1 here:
Baca lebih lajut »
Gold price bound for worst quarter in five, pressured by central banks’ hawkish rhetoricGold price bound for worst quarter in five, pressured by central banks’ hawkish rhetoric. gold markets metals
Baca lebih lajut »
Team USA Volleyball Player Jordyn Poulter's Stolen Gold Medal Found in AnaheimThe owners of Noel Barbershop were getting ready to throw a discarded plastic bag away when they noticed by the weight there was something inside.
Baca lebih lajut »