Gold Price Forecast: Rising XAU/USD suggests market expects further inflation falls to support rate cuts – ANZ
Source Fxstreet
Mar 28, 2024 07:53
Gold extended recent gains amid expectations of lower inflation. Economists at ANZ Bank analyze the yellow metal’s outlook.
Safe haven demand remains strong
The US Personal Consumption Expenditures (PCE) Price Index – the Fed’s preferred inflation gauge – will be released on Friday when markets are closed.
A rising Gold price suggests the market expects further falls in inflation should support the central banks move to cut rates later this year.
Safe haven demand also remains strong.
See: Gold Price Forecast: Push back in rate cut expectations from March to June may cap XAU/USD rally – ANZ
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