Gold Price Forecast: XAU/USD to suffer downside price pressures – TDS Gold XAUUSD Fed Banks
Fed will continue to follow a hawkish trajectory well into 2023
“Growing expectations that the US Federal Reserve will continue to follow a hawkish trajectory well into 2023 prompted money managers to aggressively reduce gold length. The lack of upside potential, as the Fed signaled significantly higher“Considering Jerome Powell's hawkish tone being communicated at the Jackson Hole Economic Policy Symposium, we see continued reduction in gold length and downside price pressures.
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