Gold Price Forecast: XAU/USD unlikely to see a deeper consolidation, strength to continue – TDS Gold XAUUSD Fed Banks
“While surprisingly resilient data continues to be out of sync with the Fed's inflation mandate, stress in the banking sector notably raises concerns about the path of future data. After all, commodity market internals have started to deteriorate at a fast clip, pointing to slumping demand consistent with a looming recession particularly as China's economic engine begins to sputter.”
“The risk of a deeper consolidation has notably declined, with the positioning set-up now favoring continued strength in Gold prices.”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.
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