According to Kitco News' latest weekly gold survey, Wall Street analysts see a significant drop in gold prices in the near term. Investors expect the Fed to keep rates in the 5.25%-5.5% range through 2024.
Ricardo Evangelista, senior analyst at ActivTrades said that in the long run, US interest rates will rise, supporting the dollar. This is bad news for precious metals.
In that context, the gold price may fall, hovering around $1,890.4 per ounce
XAUUSD
SELL LIMIT 1895 - 1897
TP1: 1890
TP2: 1885
SL: 1902
Ricardo Evangelista, senior analyst at ActivTrades said that in the long run, US interest rates will rise, supporting the dollar. This is bad news for precious metals.
In that context, the gold price may fall, hovering around $1,890.4 per ounce
XAUUSD
SELL LIMIT 1895 - 1897 TP1: 1890
TP2: 1885
SL: 1902
