Gold Price Forecast: XAU/USD to see a renewed rise – Commerzbank
Source Fxstreet
Gold (XAU/USD) has been trading above the $2,000 mark since mid-December. Strategists at Commerzbank analyze the yellow metal’s outlook.
Significant interest rate cuts over the course of the year
Beyond this short-term perspective, the direction of US monetary policy will be decisive for the further development of the Gold price. Accordingly, the wording of the communiqué and the subsequent press conference by Fed Chairman Jerome Powell following the Fed meeting on Wednesday is likely to be important.
We expect significant interest rate cuts over the course of the year and therefore a renewed rise in the Gold price.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Ripple's XRP maintained a green outlook on Monday, rising more than 4% in the past week while other assets experienced a decline.
Dogecoin Holders Are Buying Into This Crypto Priced At $0.0199 After Analysts’ $20 PredictionsDogecoin (DOGE) investors are currently on the lookout for the next big thing in the market. One project that has caught their attention is Remittix (RTX). RTX is a new altcoin that is currently trading at $0.0199. The presale success and utility of the DeFi coin could push its price to $20 soon. Meanwhile, the […]
Dogecoin (DOGE) investors are currently on the lookout for the next big thing in the market. One project that has caught their attention is Remittix (RTX). RTX is a new altcoin that is currently trading at $0.0199. The presale success and utility of the DeFi coin could push its price to $20 soon. Meanwhile, the […]
Americans only have a median savings of $8,000 across all of their checking, money market, savings, call accounts, and prepaid debit cards, according to the Federal Reserve's lates
Dogecoin price crossed $0.36 on Tuesday, outperforming rivals SHIB and PEPE with 13% daily timeframe gains.
Ripple (XRP) Price Sees a Surge, Solana Targets $600 in 2025 as Investors Increase Focus on New AltcoinThe cryptocurrency market is showing renewed momentum as Ripple (XRP) experiences a significant price surge, and Solana (SOL) sets its sights on a bold $600 target by 2025. Meanwhile, a rising altcoin, Lightchain AI, is capturing investor attention with its innovative ecosystem and strong presale performance, making it a compelling choice for forward-looking investors. Ripple […]
The cryptocurrency market is showing renewed momentum as Ripple (XRP) experiences a significant price surge, and Solana (SOL) sets its sights on a bold $600 target by 2025. Meanwhile, a rising altcoin, Lightchain AI, is capturing investor attention with its innovative ecosystem and strong presale performance, making it a compelling choice for forward-looking investors. Ripple […]
Related Instrument
