Gold Price Forecast: XAU/USD to climb lastingly and more noticeably towards the end of the year – Commerzbank
Gold price is continuing to hold its own just above the $2,000 mark. Economists at Commerzbank expect the yellow metal to remain stable before rising toward the end of the year.
XAU/USD at roughly $2,000 over the next two quarters
“Over the next two quarters, we envisage XAU/USD at roughly $2,000, and thus only marginally below its current levels (as compared to our previous forecast of $1,900-1,950).”
“As soon as the Fed raises a clearer prospect of an interest rate turnaround, the Gold price is likely to climb lastingly and more noticeably above the $2,000 mark, though we only expect this to happen towards the end of this year.”
Source: Commerzbank Research
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