Gold Price Forecast: XAU/USD year-end target raised to $2,000 – Commerzbank Gold XAUUSD Fed InterestRate Banks
price has given back some of its gains of the past two weeks. However, economists at Commerzbank consider the further correction potential to be limited, which is why they have raised their forecast for XAU/USD.“Markets seem to have calmed somewhat. As a result, the Gold price has given back some of its gains. However, we do not believe that it will fall back to its starting levels of around $1,800 in the foreseeable future.
“However, rate cut speculations are likely to return and drive the Gold price upwards on a sustained basis as soon as US inflation has fallen more sharply and the significantly higher interest rates are felt more strongly in the real economy. This should be the case in the second half of the year, which is why we continue to expect XAU/USD to rise then. We have even raised our year-endInformation on these pages contains forward-looking statements that involve risks and uncertainties.
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