Gold Price Forecast: XAU/USD's volatility makes for a round turn of $100/oz By ross_burland Gold DollarIndex Commodities
Overall, however, market risk sentiment remains low as the US has said it will ban imports of oil and gas from Russia. Nevertheless, an interview between Ukraine's president Volodymyr Zelenskyy and ABC News from Monday night was published by The Associated Press that emphasises that Ukraine is no longer pressing for NATO membership for Ukraine.
''For the time being, the market has concluded that the Fed will remain nimble as to not tip the US economy into a recession, but the subsequent rate path and the path for quantitative tightening are less clear,'' analysts at TD Securities said. ''In this context, gold bugs are more likely to benefit from a subsequent rise in central bank demand for gold, having observed the events unfold as potential vulnerabilities for national accounts.
''Looking ahead, nearly 175 bp of tightening is priced in over the next 12 months, up from 150 bp seen at the end of last week, followed by another 25 bp in the following 12 months. Such a path would see theFunds rate peaking near 2.0% vs. 1.75% at the end of last week. We continue to believe that the terminal rate will have to be much higher but at least the market is moving in that direction again.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.