With the effect of the Fed minutes announced last week, the ounce of gold that has been moved has risen to $ 1,809 at the time of writing. So, what levels might be next? Kriptokoin.com , we convey the comments of the famous financial company TD Securities’ analisdollar series…
TD Securities explained what to expect for the gold price
TD Securities analystdollarseri believes that despite the Fed’s tough monetary policy outlook for 2022, the gold price may still move up. Experts pointed out that gold exhibited a mixed and highly volatile performance in 2021, based on the movements of the precious metal throughout the year we left behind; He highlights that it rose to levels just under $1,960 in the early days of 2021, then dropped to $1,677 by the end of the summer. Talking about the rally in November and finally the fall in December, analisdollarser thinks that “inflation expectations, nominal rates and real interest rate trends driven by Fed policy” are behind this fluctuation.
According to analysts, these situations and the fact that the players in the gold market thought the Fed rate hike in early March caused the open positions to swell, keeping the price in the yellow around $1,790. Experts think that even though the Fed is on the way to increase interest rates, it will implement an expansionary monetary policy and central banks will continue to buy gold. Anaisdollarser thinks that gold speculators’ short-term positions show that they can push the yellow metal to $1,850 in the first months of 2022, as investors ditch their portfolios to hedge. However, it is expected to trade at mid-$1,600 in the second half of 2022 as negative real rates protect gold from a complete rout.