Gold Price Forecast: XAU/USD resilient against the sharp rise in yields – TDS

Gold prices weathered the Fed’s hawkish signal in the latest meeting. Strategists at TD Securities analyze the yellow metal’s outlook.

Economic data will be instrumental in determining Gold's direction

Chair Powell delivered a hawkish surprise, reiterating the ‘higher for longer’ narrative that has been the worst fear for the Gold bugs.

Looking forward the economic data will be instrumental in determining Gold's direction. At the same time, strong physical markets continue to provide an offset to traditional macroeconomic relationships, underscoring the resilience of the yellow metal's prices against the sharp rise in yields.