JPMorgan Sees Gold Falling Further Before Rebounding Post-Rates
JPMorgan forecasts that gold prices could face further downward pressure into early next year before rebounding once interest rates peak.
Gold prices could decline further into early next year before staging a recovery once central bank interest rates peak, according to JPMorgan. The financial institution outlined its outlook for the precious metal as markets continue to monitor shifting macroeconomic conditions and monetary policy expectations.
Market Outlook and Rate Expectations
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The projected path for gold depends heavily on the trajectory of global interest rates. According to JPMorgan, the anticipated rebound in bullion prices is closely tied to the eventual peak in rate cycles, after which pressure on non-yielding assets is expected to ease.
Key facts
- JPMorgan predicts gold could fall further into early next year
- A price rebound is expected after interest rates reach their peak
- The outlook was published by bloomingbit
Source: news.google.com
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