Gold Price Forecast: XAU/USD may well move into $2,100+ territory – TDS Gold XAUUSD Fed UnitedStates Banks
surprises. When data starts to come in below expectations, XAU/USD could surge above $2,100, economists at TD Securities report. The cyclicity and mean reverting nature of economic data surprises, along with the Fed's restrictive rate policies, should work in tandem to precipitate a downdrift in US economic surprise indices.
If the Fed Fund futures reaction remains constant, dropping on negative data surprises as it rose in response to positive surprises, the resulting lower yield along the forward curve should see Gold rally. We project that this, along with technical factors, could help the yellow metal move into $2,100+ territory into late-2023.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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