Market Forecasts

• WTI Anticipates Additional Losses Below $77.00 As Global Central Banks Prepare For a New Rate-Hiking Cycle
  As concerns of a global economic decline intensify, the oil price struggles to maintain the immediate support of $77.00. To combat persistent inflation, global central banks are preparing for a new cycle of interest rate increases. Fears of a global economic downturn have caused investors to disregard China's optimistic outlook.
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• Forecast for Gold Price: XAU/USD consolidates above $2,000 as investors await initial US S&P PMI data
  Ahead of provisional US S&P PMI data, the gold price is oscillating in a tight range around $2,000. A USD Index advance beyond the 100.90-102.03 threshold will be considered decisive. After rising above the immediate resistance leveled at $2,011.90, the gold price is anticipated to continue to rise.
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• Ahead of preliminary US S&P PMI data, the XAU/USD remains sideways below $2,000, according to our Gold Price Forecast
  As the USD Index has entered a mode of declining volatility, the price of gold is in a sideways trend. The market expects that constrained credit conditions will impact the working capital management of cash-dependent companies. To prevent a decline in asset quality, banks have tightened credit disbursement requirements.
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• Forecast for Silver Price: XAG/USD to fall to $25.00 as supply concerns subside and risk aversion increases
  Silver price breaks a two-day winning trend and falls to a new intraday low. The Silver Institute reports a record supply deficit as the global XAG/USD demand reaches a new apex in 2022. Inflation and rate increase apprehensions combine with geopolitical worries to boost the Silver price.
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• Natural Gas Price News: XNG/USD prompts a three-day recovery near the monthly apex near $2.50 due to the strengthening of the US Dollar
  The price of Natural Gas falls from its greatest point in a month to record its first daily decline in three. XNG/USD supporters are also bolstered by a strengthening US Dollar, rumors of sufficient gas supplies in the United Kingdom, and milder weather in the West. In the midst of a sluggish session, geopolitical concerns and hawkish Fed wagers support a USD recovery.
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• Gold Price Prediction: XAU/USD will recommence its downward trend in response to hawkish Fed forecasts
  After a recovery, the price of gold is exhibiting a sharp decline in volatility. Amidst a strong recovery in the USD Index, the upside in the price of gold appears to be limited. Investors have invested in the USD Index in anticipation of a rate hike by the Federal Reserve.
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