Gold Price Forecast: XAU/USD likely to see data-driven volatility as $2,200 Q2 target is in sight – TDS
Source Fxstreet
Gold (XAU/USD) is sitting near the highest level in five days above $2,050. Strategists at TD Securities analyze the yellow metal’s outlook.
Strong labor markets are associated with continued inflation pressures
Strong labor markets are associated with continued inflation pressures. And with core CPI much above the two percent target, the market concluded that a very early Fed easing is not in the cards. But with the most recent production prices coming in at below expectations, the market is once again going long, as it anticipates an early end to restrictive policy.
There will likely be data-driven volatility as Gold trends to our $2,200 Q2 target.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
As of the Asian session on July 9, after WTI ( USOIL) crude oil prices rebounded sharply for two consecutive trading days, oil prices hovered and adjusted around $73.30 today. From the te
The GBP/USD pair gathers strength near 1.3395 during the Asian trading hours on Thursday, bolstered by fading domestic political uncertainty.
Gold (XAU/USD) trades around $4,050 on Wednesday, down 1.40% on the day at the time of writing, as investors favor the US Dollar (USD) following a fresh deterioration in tensions between the United States (US) and Iran.
As of the Asian session on July 8, WTI ( USOIL) crude oil prices rose to around $72, rebounding significantly from previous trading sessions. From a technical perspective, oil prices had
US President Trump stated at the NATO annual summit on July 8 that he believes the US-Iran memorandum of understanding is "over." This means the temporary ceasefire state between the two
Related Instrument
