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.
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As of the Asian session on July 17, gold prices ( XAUUSD ) fluctuated around $4,000. However, it is worth noting that gold closed at $3,969.41 yesterday, confirming a break below the $4,0
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