Gold Price Forecast: XAU/USD could drop into the low $1,800s – TDS

FXStreet Insights Team FXStreet

Gold is suffering. XAU/USD fell as much as 0.9% on Thursday to just $1,860 following three previous sessions of declines. Strategists at TD Securities analyze the yellow metal’s outlook.

Gold to recover and surge to the $2,100s in the first half of next year

Given positioning, technical and energy price pressures, it would not be surprising to see Gold drop into the low $1,800s if inflation moves higher and economic data remains firm. The upcoming core PCE deflator may be a catalyst for downside.

However, we expect Gold to recover and surge to the $2,100s in the first half of next year, as the Fed pivots to a more dovish policy and physical buying remains strong.

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FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

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