Gold Price Forecast: XAU/USD to slump on easing inflation next year – SocGen Gold XAUUSD Inflation Banks Fed
“In 2023, we expect a Fed pivot toward more dovish policies, and the 10-year rate should gradually decrease. By itself, this is bullish for Gold. But we expect inflation to drop faster than rates from an average headline CPI of 8.0% in 2022 to 4.2% in 2023 As a result, we expect real rates to surge, driving down“After Q3-23, Gold’s fortunes should reverse, as we expect a mild US recession in early 2024 and sluggish EU and China growth.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Price Forecast: XAU/USD to yield a triangle breakout on dovish Powell’s speechGold price is looking to build on Tuesday’s recovery gains above $1,750. Federal Reserve Chair Jerome Powell’s speech is set to hog the limelight. XAU
Read more »
Gold Price Forecast: XAU/USD bulls eye $1,787 ahead of Federal Reserve’s favored inflation numberGold Price Forecast: XAU/USD bulls eye $1,787 ahead of Federal Reserve’s favored inflation number – by anilpanchal7 Gold XAUUSD Fed Inflation SEO
Read more »
Gold Price Forecast: XAU/USD to trend lower into Q1-23 – TDSGold gained after Fed Chair Jerome Powell indicated the Fed will slow the pace of interest rate increases next month. Nevertheless, strategists at TD
Read more »
Gold Price Forecast: XAU/USD bulls seek validation from $1,760 and Fed Chair PowellGold price (XAU/USD) picks up bids to refresh intraday top near $1,755 heading into Wednesday’s European session. In doing so, the precious metal pric
Read more »
Gold Price Forecast: XAU/USD perks up on Fed Powell dovish speechGold price is rising because of a dovish speech by Federal Reserve's Jerome Powell on Wednesday that sunk the US Dollar. At the time of writing, Gold
Read more »
Gold Price Forecast: XAU/USD eyes a consolidate phase as 200DMA caps – Credit SuisseGold remains capped by the 200-Day Moving Average (DMA) at $1,797. Strategists at Credit Suisse expect a consolidation phase to emerge from here. Brea
Read more »