Gold Price Forecast: A hawkish Fed is a short-term headwind for XAU/USD – ANZ Gold Fed InterestRate XAUUSD Banks
The probability of the Fed pausing in the upcoming meeting has risen, but strong economic activity is suggesting the Fed will remain hawkish in the short term. This could see the Gold price consolidating.
We believe the recent decline in the Gold price will encourage fresh buying, which is likely to be supported by lean speculative positioning. We keep our year-end Gold price target unchanged near $2,100.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.
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