Gold price was able to regain ground amid the US Federal Reserve’s interest rate meeting.
Economists at Commerzbank analyze the yellow metal’s outlook.
Buoyant NFP to weigh on Gold Gold will probably continue to find it hard to climb lastingly above the $2,000 mark – assuming there is no escalation in the Middle East – as further Fed rate hikes have become a little less likely but are not yet off the table entirely. Interest rate expectations could be quickly driven up again, thereby weighing on the Gold price, especially if the US economy proved persistently resilient.
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