Gold Price Forecast: Expectations on the timing of the first Fed cut to drive volatility in XAU/USD – OCBC

Markets have pushed back on expectations for the Fed cut. Economists at OCBC Bank analyze its implications for the Gold price.

Headwinds from higher yields and stronger DXY may weigh against any building momentum

Near-term headwinds from higher treasury yields and a stronger DXY profile may weigh against any building momentum in Gold prices.

The expectations on the timing of the first Federal Reserve rate cut and the magnitude of the cut will continue to drive volatility in Gold prices in the interim.