Gold Price Outlook Beyond Profit-Taking and Policy Moves
Monday, 8 July 2024, 22:15
Gold Price Dip and ING Analysts' Outlook
The recent fall in gold futures due to profit-taking is seen as a temporary setback.
Market Factors at Play
- Investor Behavior: Profit-taking impacting short-term prices
- Policy Decisions: Anticipation of Fed rate cut
- China's Actions: Central bank pausing gold purchases
Despite the short-term challenges, ING analysts express confidence in a potential year-end rally for gold.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.