Gold Price Forecast: Prospect of rising rates to weigh on XAU/USD until FOMC meeting – Commerzbank Gold XAUUSD Fed InterestRate Banks
Prospect of rising interest rates likely to cap Gold for now
Yesterday’s weaker-than-expected ISM index for the service sector did sow some seeds of doubts on the market with respect to its rate hike expectation next week; all the same, it appears unlikely that it will be completely priced out again. The prospect of rising rates will presumably weigh on the Gold price until the meeting, in other words.
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