Gold Price Forecast: XAU/USD to suffer as strong labour market will keep Fed hawkish – ANZ

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Gold Price Forecast: XAU/USD to suffer as strong labour market will keep Fed hawkish – ANZ Gold XAUUSD Employment Fed Banks

Strong labour data provides more room for the Fed to remain hawkishto remain hawkish and delaying any rate cut until inflation comes into its target range. We see this as a headwind for the Gold price, triggering profit booking after the recent price rally.”

“Physical Gold demand is holding up in China as the economy reopens. Central banks are continuing their buying spree amid elevated geopolitical risks.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

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