Gold Price Forecast: XAU/USD unlikely to make any major leaps in the short term – Commerzbank
Source Fxstreet
Gold has been under pressure as the market mulled the Fed’s interest rate path. Strategists at Commerzbank analyze the yellow metal’s outlook.
Weak demand from automotive industry and downturn in Gold are weighing on Palladium
Prices on the precious metal exchanges are under pressure: Palladium is the biggest loser, dropping around 15% since the beginning of the year. Weak demand from the automotive industry and the recent downturn in the Gold market are weighing on the price. The latter is mainly due to disappointed hopes of quick interest rate cuts.
We believe that the first interest rate cut in the US is not expected until May, so the Gold price is unlikely to make any major leaps in the short term.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Solana founder Anatoly Yakovenko has binned the narrative that SOL is an Ethereum killer. It is okay for the two technologies to have overlapping features and compete.
Hidden Bullish Divergence Appears On Dogecoin Price Chart, Here’s What To Expect NextA hidden Bullish Divergence pattern has just been identified on the Dogecoin price chart, signaling possibilities of a significant uptrend. With this new technical pattern, a crypto analyst has projected a target of $0.7 for the Dogecoin price.
A hidden Bullish Divergence pattern has just been identified on the Dogecoin price chart, signaling possibilities of a significant uptrend. With this new technical pattern, a crypto analyst has projected a target of $0.7 for the Dogecoin price.
OKX, one of the largest cryptocurrency exchanges by trading volume, is preparing to go public in the United States.
ECB Policy Outlook for 2026: What It Could Mean for the Euro’s Next MoveWith the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
With the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
Gold gains momentum above $4,100 after weak US NFP data Gold price (XAU/USD) gains traction to around $4,125 during the early Asian session on Friday. The precious metal extends the rally after weaker-than-expected US Nonfarm Payrolls (NFP) data reduced expectations of Federal Reserve (Fed) interest rate hikes this year.
Gold price (XAU/USD) gains traction to around $4,125 during the early Asian session on Friday. The precious metal extends the rally after weaker-than-expected US Nonfarm Payrolls (NFP) data reduced expectations of Federal Reserve (Fed) interest rate hikes this year.
Related Instrument
