- Analytics
- News and Tools
- Market News
- Gold Price Forecast: XAU/USD to see a price correction in the short-term – ANZ
Gold Price Forecast: XAU/USD to see a price correction in the short-term – ANZ
Gold trades near $1,930 as the weaker US Dollar continues to lend support. Economists at ANZ Bank expect a downside correction in the near term.
Dollar’s direction could reverse with any hawkish comments from the Fed
“Gold is benefitting from a weakening US Dollar and expectations of the Fed tapering its monetary tightening.”
“Inflation is still well above the Fed’s target range of 2%, and the Dollar’s direction could reverse with any hawkish comments from the central bank.”
“We expect a price correction in the short-term.”
© 2000-2024. 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
