{"id":248928,"date":"2024-02-17T04:40:51","date_gmt":"2024-02-16T23:10:51","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=248928"},"modified":"2024-02-17T04:40:51","modified_gmt":"2024-02-16T23:10:51","slug":"potential-for-further-xau-usd-corrections-to-be-limited-commerzbank-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/potential-for-further-xau-usd-corrections-to-be-limited-commerzbank-crypto-news\/","title":{"rendered":"Potential for further XAU\/USD corrections to be limited \u2013 Commerzbank &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<p>The Gold price fell to a two-month low of $1,985 this week following the publication of higher-than-expected US inflation data. Economists at Commerzbank analyze the yellow metal\u2019s outlook.<\/p>\n<h2 class=\"fxs_headline_medium\">Key interest rate cuts are still expected this year<\/h2>\n<blockquote>\n<p>Following the unexpectedly high US inflation data, there was a significant setback in the price of Gold, which slipped below $2,000 per troy ounce. However, as the market is already very cautious with regard to key interest rates, the potential for further correcti\u00a0ons is likely to be rather small.<\/p>\n<\/blockquote>\n<blockquote>\n<p>According to Fed Fund Futures, a first rate cut is now fully priced in only by June. At the end of the year, the Fed interest rate is expected to be around 4.50%. This is 50 basis points more than expected two weeks ago. After all, key interest rate cuts are still expected this year.<\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: The Gold price fell to a two-month low of $1,985 this week following the publication of higher-than-expected US inflation data. Economists at Commerzbank analyze the yellow metal\u2019s outlook. Key interest rate cuts are still expected this year Following the unexpectedly high US inflation data, there was a significant setback in the price of Gold, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4493,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,366,484,255,684,250,252,247,253,249,256,254,485],"class_list":["post-248928","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-fed","tag-gold","tag-gta","tag-interestrate","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress","tag-xauusd"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/248928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=248928"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/248928\/revisions"}],"predecessor-version":[{"id":248929,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/248928\/revisions\/248929"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/4493"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=248928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=248928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=248928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}