Gold Price Forecast: XAU/USD continues to face correction risks – TDS Gold XAUUSD Banks Inflation Fed
rallied all the way up to $1,920 in the last session of the week. However, strategists at TD Securities note that the yellow metal confronts correction risks.“Reflecting the narrative that inflation pressures in the US economy are coming under control, following the release of the December payrolls data which showed a more benign wage growth, money managers aggressively grew their long Gold exposure.
“While the precious metal space is no longer in a selling mode, there continues to be correction risk as it is not all certain that inflation has been defeated and that the US central bank is ready to get less restrictive anytime soon.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Gold Price Forecast: XAU/USD bulls continue to chip away at $1,920 resistanceGold price has been holding in at the bull cycle highs of $1,920 following last week's volatility that was driven by the Consumer Price Index, CPI, th
Les mer »
Gold Price Forecast: XAU/USD could see a pullback amid overbought conditionsGold price hit fresh nine-month highs at $1,929 before pulling back sharply to $1,915. Overbought conditions could threaten XAU/USD bulls, FXStreet’s
Les mer »
Gold Price Forecast: XAU/USD aims to extend rally above $1,920 as Fed to ease policy tightening paceGold price (XAU/USD) has turned sideways after a juggernaut rally to near the critical resistance of $1,920.00 in the early Asian session on Monday. T
Les mer »
D.C.-area forecast: Chilly today, only slightly warmer tomorrow with a bothersome breezeWind chills may hover in the 20s today and 30s tomorrow, in case you forgot it’s January!
Les mer »
Today's Tucson weather forecast: Jan. 14Get a glimpse of what the weather in Tucson will be like today:
Les mer »
First Alert Forecast: Cold and brisk, bundle up!First Alert Weather: Other than some flurries, expect clouds today and much cooler, but seasonable, temps in the mid to upper 30s. Watch JohnElliottTV's full forecast.
Les mer »