Gold Price Forecast: A further slide in XAU/USD to around $1,870 is possible – UBS Gold XAUUSD Fed InterestRate Banks
Gold has now fallen more than 5% from its recent peak in early May. Economists at UBS analyze the yellow metalA further slide in Gold to around $1,870 is possible as markets push back expectations for the start of rate cuts from the Fed. But we still see potential gains for Gold over the coming year, and we view the precious metal as a valuable hedge in portfolios.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.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Price Forecast: XAU/USD to hit $2,100 by year-end – ANZEconomists at ANZ Bank analyze Gold (XAU/USD) outlook. Price dip presents a buying opportunity to build fresh long positions Strong labour data sugges
Read more »
Gold Price Forecast: XAU/USD slips due to rising US bond yields, global economic concernsGold price retraces after facing solid resistance at the confluence of technical indicators, as well as weighed by rising US Treasury bond yields and
Read more »
Gold Price Forecast: XAU/USD bears ignore sluggish USD on mixed growth concerns, hawkish central banksGold Price (XAU/USD) remains bearish around the weekly low after snapping a two-day winning streak with a heavy loss to around $1,939 by the press tim
Read more »
Gold Price Forecast: XAU/USD bounces off 100-day SMA, upside potential seems limitedGold Price Forecast: XAU/USD bounces off 100-day SMA, upside potential seems limited – by hareshmenghani Gold Commodities Fed InterestRate XAUUSD
Read more »
Gold Price Forecast: XAU/USD bulls clean up within daily rangeThe Gold price rallied to a high of $1,970.54 from a low of $1,940.10 on Thursday as the US Dollar and lower bond yields weakened with the United Stat
Read more »
Gold Price Forecast: XAU/USD lacks firm intraday direction, flat-lines around $1.965 areaGold price struggles to capitalize on the previous day's solid rebound from the 100-day Simple Moving Average (SMA) support near the $1,940-$1,939 are
Read more »