Economists at ANZ Bank discuss Gold (XAU/USD) outlook.
Taking a breather
The probability of the Fed pausing in the upcoming meeting has risen, but strong economic activity is suggesting the Fed will remain hawkish in the short term. This could see the Gold price consolidating.
Nevertheless, the Fed would eventually end its hiking cycle in H2 2023, which is a structural support in the medium and long term. The prospect of the USD resuming its downtrend will be another tailwind.
We believe the recent decline in the Gold price will encourage fresh buying, which is likely to be supported by lean speculative positioning. We keep our year-end Gold price target unchanged near $2,100.
風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。
暫無評論，立馬搶沙發