Gold Price Forecast and Analysis on Potential Retreat due to US PCE Report
Tuesday, 26 March 2024, 14:27
Gold Price Forecast Update:
Analysts at Commerzbank predict that XAU/USD may retreat following the stubbornly high US PCE report. Despite reaching a new record level of $2,222, Gold's gains could be at risk due to economic indicators.
Key Points:
- Record Level: Gold hit $2,222 but might face a pullback.
- US PCE Report: The report's impact on Gold's performance.
- Commerzbank Analysis: Insights on Gold's potential retreat.
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.