Gold Price Forecast:: XAU/USD will continue to be under pressure – TDS Gold XAUUSD InterestRate Fed Banks
Gold price made a U-turn in the second half of the week and dropped toward $1,950. Economists at TD Securities analyze the yellow metal’s outlook.The concern that the US central bank may well be forced to continue on its tightening cycle, as shown by the dots, convinced investors to reduce long exposure and to acquire new shorts as it become apparent that a July hike was a done deal.
Since data continues to be firm and other central banks continue to tighten, Gold will continue to be under pressure, with only a material weakening of economic conditions being a catalyst for a material move higher.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Price Forecast: XAU/USD rebound prods $1,960 support-turned-resistance ahead of US NFPGold Price (XAU/USD) holds onto Friday’s recovery from more than a two-week low while picking up bids to $1,960 amid early hours of Asian morning on M
Read more »
Gold Price Analysis: XAU/USD trades with modest losses above $1,955, downside seems limitedGold Price Analysis: XAU/USD trades with modest losses above $1,955, downside seems limited – by hareshmenghani Gold Commodities CentralBanks Inflation XAUUSD
Read more »
D.C.-area forecast: Another scorcher today, with potential late-day stormsTemperatures should again leap deep into the 90s. Heat index between 105 and 110 most spots.
Read more »
First Alert Forecast: Temps could feel like 100+ as dangerous heat advisory continues SaturdayIt will be hot and humid with temperatures in the low 90s on Saturday, but it will feel more like 95 to 100+ degrees!
Read more »
Seattle weather: Picture-perfect summer forecastWe're truly enjoying some of the best weather in the entire country. We're forecasting picture-perfect highs in the upper 70s this weekend. FOX13
Read more »
First Alert Forecast: Severe thunderstorms Saturday could create damaging winds, hail & isolated tornadoesWeather: A Severe Thunderstorm Warning is in effect for Nassau and Suffolk counties and Queens until 8:30 p.m.
Read more »