Gold is expected to average $1,745 per ounce in 2023. The real yield on US 10-year bonds turns positive. Fed officials maintain a more hawkish stance. The outlook for gold (GC) futures is slightly bearish as the US dollar pushes higher. As a result of high-interest rates and a strong US currency, gold will average Read More…
Dollar weakness after the ECB meeting has boosted gold futures. Gold has become cheaper for overseas buyers. The gold rally might be short-lived. Today’s gold futures (GC) outlook is bullish as the yellow metal shot up in price after the ECB rate hike. Gold becomes cheaper for overseas buyers as the dollar weakens, boosting demand. Read More…
The inflation hedge is no match for rising interest rates in the US. The dollar rally might continue for quite some time. Bears are gathering momentum to potentially break below 1700. Today’s gold (GC )futures outlook is bearish as investors favor the more profitable dollar. In times of crisis and significantly rising inflation, the yellow Read More…
Gold demand is going down as it gets more expensive for overseas buyers. Gold futures might only turn bullish if the Federal Reserve succeeds in controlling inflation. Gold futures are trading near September 2021 lows on the charts. Today’s price outlook for gold (GC) futures remains bearish as the dollar strength continues to hurt the Read More…
Improved risk sentiment is pushing gold prices lower. The dollar rally might resume as the Fed is not planning to pause its mission of rate hikes. The price of Gold is consolidating on the charts. Gold futures (GC) prices are pushing slightly higher on Friday after a bearish close yesterday as commodities continued declining across Read More…
Investors scramble for safety as central banks battle rising inflation with tighter monetary policies. This week has seen a rise in interest rates worldwide. The next target for bulls is 1880.00 in the charts. Gold futures (GC) prices closed higher on Thursday and have started pushing higher after a pullback on Friday. This move was Read More…
