- Analytics
- News and Tools
- Market News
- Gold Price Forecast: XAU/USD at risk of a short term correction on a Fed hawkish surprise – ANZ
Gold Price Forecast: XAU/USD at risk of a short term correction on a Fed hawkish surprise – ANZ
Gold started the year with a bang. Economists at hold a constructive view for Gold over the next 12 months, but a short-term correction looks likely if a hawkish Fed surprises the market.
Several factors favour Gold in 2023
“We expect Gold to remain in favour as inflation retreats and interest rates near their peak. We see the following drivers supporting the precious metal: A potential pause in the Fed’s interest rate cycle in Q2, rising recession risks, potential downside in the USD, geopolitical risks remaining high and strong physical demand.”
“The recent rally nevertheless looks vulnerable to a price correction as it was largely driven by expectations that the Fed will turn dovish. Any disappointment on the monetary policy front could see prices correcting in the short term.”
“We keep our 12-month price target unchanged at $1,900.”
© 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
