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Gold price has recovered significantly since autumn last year. Economists at Commerzbank analyze the yellow metal’s outlook.
Gold price is likely to trend sideways in the short term, as uncertainty about the future path of US monetary policy remains high. Lower US inflation argues for an end to interest rate hikes, but the robust US economic growth so far argues against a quick turnaround in interest rates.
In the medium term, however, Gold price should rise, as we still expect the US economy to slide into recession, which should fuel speculation about interest rate cuts.
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。
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