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25 Nov 2022

Gold Price Forecast: XAU/USD unlikely to extend its recovery – Commerzbank

Though the Gold price has recovered somewhat from its setback, the yellow metal has no upside potential for now, in the view of strategists at Commerzbank.

No end in sight to the rate hikes in the US

“We do not envisage any further potential for recovery in the short term.”

“After all, the US labour market (report due to be published on Friday) is presumably still so tight that any end to the rate hike cycle in the US remains uncertain.” 

“Rising interest rates have a braking effect on Gold, being a non-interest-bearing investment.”

 

Nov 25, 2022

GBP/USD corrects back closer to mid-1.2000s amid modest USD recovery

The GBP/USD pair edges lower on Friday and moves away from its highest level since August 12, around the 1.2150-1.2155 region touched on Thursday. The
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Nov 25, 2022

USD Index improves to 2-day highs near 106.30

The USD Index (DXY), which measures the greenback vs. a bundle of its main competitors, manages to advance further north of the 106.00 yardstick at th
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