Market news
01.01.0001, 00:00

Gold Price Forecast: XAU/USD trending to recent high would not be a big surprise – TDS

Economists at TD Securities analyze Gold’s outlook after a weak Nonfarm Payrolls report on Friday.

The Fed is likely done hiking

The 150K October US payrolls print, which was below the 180K market consensus, along with last month's downward revision, higher unemployment and moderating earnings will all be interpreted as meaning that the Fed is likely done hiking.

The Gold market will also think that rates along the curve will ease, which is all positive for Gold.

It would not be a big surprise to see Gold trend to recent highs.

© 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.

AML Website Summary

Risk Disclosure

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.

Privacy Policy

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 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

Live Chat E-mail
Choose your language / location