Gold Price Forecast: XAU/USD at risk of dropping below $1,900 if data remains steadfast – TDS Gold XAUUSD InterestRate Fed Banks
has witnessed a cycle of sharp price declines. Economists at TD Securities analyze the yellow metal’s outlook.Since it is quite likely that Mr. Powell will continue to deliver the same old play by the numbers narrative in September and at Jackson Hole in late August, there are significant risks that rates move even higher, which would increase already high carry and opportunity costs.
As such, Gold is at risk of dropping to technical support below $1,900 if data remains steadfast, which implies continued length reduction.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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