MUFG Bank Forecasts Limited Downside for Gold Price (XAU/USD)
Thursday, 29 February 2024, 09:49
MUFG Bank Analysis on Gold Price Forecast
Gold (XAU/USD) is currently trading within a narrow band, anticipating crucial US inflation data - Core PCE. Economists at MUFG Bank suggest that the downside for XAU/USD will be limited as the market awaits signals on the Federal Reserve's next move.
Key Points:
- Gold Price Trend: XAU/USD in a tight trading range
- Market Expectations: Focus on US Core PCE data
- MUFG Bank Insight: Limited downside forecast
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