Gold Price Forecast: XAU/USD to feel comfortable at around $1,950 for the foreseeable future – Commerzbank Gold XAUUSD Fed InterestRate Banks
After a brief dip just below $1,930, Gold now appears to have settled down at around $1,950 again. This is likely to be the level at which it will continue to feel comfortable for the foreseeable future.
After all, the shift in the interest rate projections of the FOMC members, the majority of which now envisage two further rate hikes of 25 bps each this year, means that the interest rate expectations of the market will now remain at their higher levels.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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