Gold Price Forecast: XAU/USD will move to new highs – TDS
Source Fxstreet
Gold (XAU/USD) consolidates its gains after reaching a fresh 2024-high above $2,080. Strategists at TD Securities analyze the yellow metal’s outlook.
More data weakness needed for takeoff
It is hoped that the combination of lower yields, which are likely to attract discretionary investors into futures and ETFs, along with strong physical markets in China and robust central bank buying, will move Gold to new highs.
We believe that the yellow metal is set to move into $2,300+ territory, once there is more certainty surrounding the timing and magnitude of the pending Fed pivot.
But there will still need to be more evidence that the economy is slowing sufficiently to facilitate a steady drop in inflation before this rally becomes sustainable and moves to our target.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
As US-Iran talks and non-farm payrolls approach, Bitcoin's range-bound trend is set to break, with a potential drop to $50,000.On June 30, Bitcoin ( BTC) remained volatile near $60,000, u
June Non-Farm Payrolls Preview: Did White House Economic Advisor Give an Early Hint? How Will US Stocks, Dollar and Gold React? As June draws to a close, market attention is shifting to the upcoming U.S. June nonfarm payrolls report to be released this Thursday (July 2). This month's nonfarm payrolls data has been
As June draws to a close, market attention is shifting to the upcoming U.S. June nonfarm payrolls report to be released this Thursday (July 2). This month's nonfarm payrolls data has been
Japan’s Kihara: Always ready to take necessary action on forexJapan’s Chief Cabinet Secretary Minoru Kihara reiterated during a regularly scheduled press conference this Tuesday that officials he is always ready to take necessary action on forex. Kihara, however, refrained from commenting on specific forex level.
Japan’s Chief Cabinet Secretary Minoru Kihara reiterated during a regularly scheduled press conference this Tuesday that officials he is always ready to take necessary action on forex. Kihara, however, refrained from commenting on specific forex level.
Gold Price Forecast: Does Gold Falling Below $4,000 Mean the Bull Market Is Over? Will It Still Rise in the Second Half of 2026?Heading into the second half of 2026, the gold market has transitioned from a strong-performing asset at the start of the year into one pulling back from its highs. Recently, gold prices
Heading into the second half of 2026, the gold market has transitioned from a strong-performing asset at the start of the year into one pulling back from its highs. Recently, gold prices
As of the European session on June 29, WTI crude oil ( USOIL) prices fluctuated and weakened near $70.00. From a market perspective, affected by renewed clashes between the US and Iran, o
Related Instrument
