Fed’s hawkishness will drive gold price toward $4,200/oz this year, but $5,350 by Q3 2027 still in play – TD Securities’ Melek - KITCO
Fed’s hawkishness will drive gold price toward $4,200/oz this year, but $5,350 by Q3 2027 still in play – TD Securities’ Melek - KITCO
Source: KITCO
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DW NOTE
TD Securities projects gold to reach $4,200 by year-end — a 5.8% fall from today's $4,488 spot price. Calling that "hawkish-driven" is a nice way of saying the firm expects Powell to talk the price down without actually raising rates, which have sat at 3.65% since July while the deficit runs 3% hotter than last year.