Gold Price Forecast: XAU/USD to rebound slightly next year as Fed easing starts – ING Gold XAUUSD Banks
“We expect Gold to remain on a downward trend during the Fed’s ongoing tightening cycle. But while in the short term we see more downside foramid monetary tightening, any hints from the Fed of an easing in its aggressive hiking cycle should start to provide support to prices. For this to happen, we would likely need to see signs of a significant decline in inflation.”
“We should see inflation coming off quite drastically over 2023 and this will then open the door for the“Under the assumption that we see easing over 2H23, we expect Gold to move higher over the course of 2023 with XAU/USD reaching $1,850 in 4Q23.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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