Gold Price Forecast: XAU/USD to trend lower into Q1-23 – TDS Gold XAUUSD Fed Banks
indicated the Fed will slow the pace of interest rate increases next month. Nevertheless, strategists at TD Securities expect the yellow metal to drift lower into the first quarter of next year.“Fed Chair Powell signaled the Federal Reserve will slow the pace of interest-rate increases next month, but this does not mean rates will not go past 5%. However, market pricing of the terminal rate is now just under 5%.
“Current price action may be the result of the last short positions being covered. We still expect Gold will trend lower into Q1-23.”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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