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HSBC says Fed tightening could remain an important negative for Gold at least into 1Q23
HSBC outlook for gold in next year, the forecast brightening later in the year:
- In an environment where global growth is set to bottom out, rate volatility to peak, and risk sentiment to pick up, the USD is likely to weaken in 2023. A weaker USD should be positive for Gold.
- Although some easing in inflation pressures in the US have called the pace of the rate increases by the Federal Reserve (Fed) into question, recent comments from Fed officials confirm further tightening... Read More
Posted: Dec 1 2022, 02:26
Author Name: forexlive
Views: 102854
