-
BMO cuts gold price forecast as Fed’s hawkish shift weighs on precious metals
Gold prices continue to trade near their lows for the year as the Federal Reserve’s new hawkish bias takes its toll on the market, with another bank lowering its year-end price forecast. In its third-quarter commodity outlook report, BMO Capital Markets said it sees gold prices averaging around $4,625 an ounce in the second half of the year, down 5% from its previous forecast. “Although we still see scope for spot prices to recover should lower oil prices be sustained, supporting a rebound in emerging market demand,” the analysts added. While gold could continue to struggle through the rest of the year, BMO is ... (full story)
- Comments / Top
- Subscribe
-
- Older Stories
From finance.yahoo.com|4 hr agoFor the first time since 2023, most Americans think it's a better idea to buy a home than rent or move in with relatives. Fifty-three percent of respondents surveyed by Bank of ...
From kitco.com|5 hr agoChina’s gold imports reached their highest monthly level in over two years in May, with the world’s number-one gold market showing a strong appetite for bullion as prices remained ...
From cnbc.com|6 hr agoThe search for a new president of the Federal Reserve Bank of Atlanta — now entering its seventh month — is being watched carefully for how new Fed Chairman Kevin Warsh intends to ...
-
- Newer Stories
From canadianminingjournal.com|3 hr agoGoldman Sachs has slashed its gold price forecast by $500 an ounce to reflect the increased likelihood that the US Federal Reserve will raise rather than cut interest rates this ...
From kitco.com|2 hr 45 min agoSpot gold and silver prices are sharply lower after the close Tuesday, as the U.S. dollar held near its strongest levels of the year, post-Fed rate-hike risk stayed in place and ...
From thegoldforecast.com|2 hr agoGold retreated on Tuesday as the U.S. dollar climbed to its strongest level in more than a year, lifting the cost of bullion for buyers holding other currencies and reminding the ...
- Story Stats
- Jun 23, 4:57pm | 4 hr ago Posted byFundamental Analysis54
- Instruments:
