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10 Jan 2024

Gold Price Forecast: XAU/USD unlikely to see an immediate catalyst to a further leg-up – SocGen

Gold recorded strong gains in 2023. Strategists at Société Générale analyze the yellow metal’s outlook.

Gold had its moment in the spotlight late last year

Gold had its moment in the spotlight late last year, hitting a new all-time high in December as the Federal Reserve signalled an inflection point in its tightening cycle.

As the saying goes ‘it is better to travel well than to arrive’, and it is hard for us to see the immediate catalyst to a further leg-up.

See – Gold Price Forecast: Slightly weaker XAU/USD is justified in the short term – Commerzbank

Jan 10, 2024

BoE's Bailey: Important to return UK inflation to target

While testifying before the UK Treasury Select Committee, Bank of England (BoE) Governor Andrew Bailey reiterated that it's important to return the UK to the inflation target.
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Jan 10, 2024

EUR/USD remains steady ahead of key US inflation report amid ECB’s officials' comments

The Euro (EUR) pares some of its Tuesday’s losses and gains ground versus the US Dollar (USD) on Wednesday in muted trading due to investors expecting the release of the latest inflation figures in the United States (US).
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