Gold Price Forecast: XAU/USD bears are not ready to hibernate yet – SocGen
13.09.2022, 06:51

Gold Price Forecast: XAU/USD bears are not ready to hibernate yet – SocGen

Money managers double down on bearish positions for gold. Economists at Société Générale expect the yellow metal to remain under downward pressure.

Money managers turned net short this week

“This week, ending 6 September, bearish flows, at $3.8bn, were even larger than the previous weekly flow, with gold accounting for $3.2bn. This flow came as money managers, awaiting a key US Fed interest rate policy setting meeting on 20-21 September, expect a third-in-a-row 75 basis point interest rate increase.” 

“The Fed’s work of taming inflation through interest rates hikes is expected to erode the appeal of the precious metal compared to fixed income-generating products. Furthermore, higher interest rates in the US are likely to increase demand for the US dollar, which in turn would make gold more expensive to foreign investors and decrease demand for the bullion.” 

“China and India are two important markets for the end use of gold: together they account for about half of the demand for the metal. In this respect, the US dollar gained 0.5% against the Indian rupee and 0.6% against the Chinese renminbi in the week ended 6 September, adding downwards demand pressure on gold.”

 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik