Gold Price Forecast: XAU/USD continues to face correction risks – TDS Gold XAUUSD Banks Inflation Fed
rallied all the way up to $1,920 in the last session of the week. However, strategists at TD Securities note that the yellow metal confronts correction risks.“Reflecting the narrative that inflation pressures in the US economy are coming under control, following the release of the December payrolls data which showed a more benign wage growth, money managers aggressively grew their long Gold exposure.
“While the precious metal space is no longer in a selling mode, there continues to be correction risk as it is not all certain that inflation has been defeated and that the US central bank is ready to get less restrictive anytime soon.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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