Gold Price Forecast: XAU/USD resilient against the sharp rise in yields – TDS
|Gold prices weathered the Fed’s hawkish signal in the latest meeting. Strategists at TD Securities analyze the yellow metal’s outlook.
Economic data will be instrumental in determining Gold's direction
Chair Powell delivered a hawkish surprise, reiterating the ‘higher for longer’ narrative that has been the worst fear for the Gold bugs.
Looking forward the economic data will be instrumental in determining Gold's direction. At the same time, strong physical markets continue to provide an offset to traditional macroeconomic relationships, underscoring the resilience of the yellow metal's prices against the sharp rise in yields.
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. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.