Shifting Fed’s terminal rate expectations could cap XAU/USD upside in the near term – ANZ – Crypto News – Crypto News
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XAU/USD buyers eye $1,830 hurdle ahead of US ISM Services PMI XAU/USD buyers eye $1,830 hurdle ahead of US ISM Services PMI

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Shifting Fed’s terminal rate expectations could cap XAU/USD upside in the near term – ANZ – Crypto News

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Gold pared those gains after the Fed left rates unchanged but signalled they will stay higher for longer than expected. Strategists at ANZ Bank analyze the yellow metal’s outlook.

Investment demand remains lacklustre

Gold’s macroeconomic backdrop looks a bit uncertain after the US Fed hinted at another rate rise this year though kept rates steady in the latest meeting. We expect shifting expectations around its terminal rate could cap the upside in the near term. 

Investment demand remains lacklustre, as investors wait for the Fed to end its tightening cycle.

 

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