Gold prices may face significant pressure in the coming months if the US Federal Reserve signals fresh interest rate hikes, according to a recent report by Deutsche Bank. The German banking giant has revised its gold price outlook lower, warning that tighter monetary policy could weigh heavily on the precious metal.
Gold Price Forecast
Gold Price Holds Near $5,000 as Lunar New Year Holiday Slows Global Trading Activity
Gold prices are staying close to the important $5,000 level as global trading activity slows down during the Lunar New Year holiday period. Lower participation from major Asian markets has reduced volatility, keeping prices in a narrow range.
MCX Gold Weekly Outlook: Price Recovers 5%, Key Levels to Watch This Monthv
MCX Gold Weekly Outlook: Comex Gold rebounded from last week’s multi-week low of $4,402 to finish the week nearly 1.5% higher. Weaker-than-expected US jobless claims strengthened expectations of a rate cut, lending support to prices near lower levels. However, a recovery in the US dollar capped further upside in the yellow metal. The near-term outlook remains bullish as long as the $4,500 support holds.
Gold Price May Hit $6,000 Soon: Neal Bhai Share Big Bullish Outlook
Gold price are once again in the spotlight. Market experts Neal Bhai believe that gold could soon cross the $6,066— $6,666 per ounce level in the coming years. Rising global tensions, economic uncertainty, and strong demand from central banks are pushing gold prices higher.
Tether Shakes Gold Market: Massive Physical Gold Buying Sparks Buzz
Tether Shakes Gold Market: Tether, the company behind the popular USDT stablecoin, is creating a stir in the global gold market. Reports suggest that Tether has started building a large reserve of physical gold, surprising both crypto and precious metal investors.