Gold Price Forecast: XAU/USD back under pressure as markets correct its rate cut expectations – Commerzbank Gold XAUUSD Fed InterestRate Banks
meeting. Economists at Commerzbank expect the yellow metal to see renewed downside pressure as the market will be forced to correct its expectation of a rapid interest rate turnaround again.in the US to be lowered before year’s end, which has recently lent buoyancy to the Gold price again. However, we believe that the market will be forced to correct its expectation of a rapid interest rate turnaround again. This is likely to put XAU/USD back under pressure.
“The fact that the price level has repercussions for physical demand should not be ignored: Swiss Gold exports indicate that demand for Gold in China and India, in February at least, was considerably higher because prices were lower then. China’s Gold imports from Hong Kong should likewise turn out to have been correspondingly robust.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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