- Analytics
- News and Tools
- Market News
- Gold Price Forecast: XAU/USD to struggle amid hawkish Fedspeak – TDS
Gold Price Forecast: XAU/USD to struggle amid hawkish Fedspeak – TDS
Gold has flirted with three-week lows near $1,620 earlier in the day. Hawkish Federal Reserve expectations after US inflation data came in hotter-than-expected last month are set to continue weighing on the yellow metal, strategists at TD Securities report.
Gold positions continue to unwind
“Gold positions continue to unwind, with ETF holdings reduced by over 400K ounces in the last session, the largest one day decline since March of last year.”
“Hawkish Fedspeak continues to push forward the narrative that we are set for a persistently hawkish central bank regime. In this context, gold prices are unlikely to rise with a deteriorating growth outlook until the Fed makes progress in the war on inflation.”
“Physical demand for bullion has remained elevated, but seasonal considerations suggest that this tailwind could soon fade following India's festive season.”
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
