News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Wall Street
More View more
Real Time News
  • Join @DanielGMoss's #webinar at 9:45 PM ET/1:45 AM GMT for live date coverage of the #RBNZ rate decision here:
  • The US Dollar, British Pound, and Euro will all be closely watching key geopolitical developments in North America (Powell testimony), the UK (Brexit talks) and Europe (EU summit). Get your market update from @ZabelinDimitri here:
  • Gold and silver are at risk of extending their slide from monthly highs as the lack of additional fiscal stimulus and rising geopolitical tensions underpin USD. Get your market update from @DanielGMoss here:
  • #Nasdaq 100 Recovering? Biden-Trump #Election2020 Betting Spread Widens⬇️
  • Join @ddubrovskyFX 's #webinar at 8:00 PM ET/00:00 PM GMT to find out what information you can gain from knowing what other traders are buying or selling. Register here:
  • The US Dollar is struggling against ASEAN currencies despite weakness in the S&P 500. Capital remains flowing into emerging markets, keeping USD under pressure, could this change? Find out from @ddubrovskyFX here:
  • Retail CFD traders have poked their head back into net bullish territory - an uncommon territory - in their net positioning for the $DJIA (Wall Street). Skeptical of a breakdown it seems
  • The Nasdaq 100-tracking QQQ ETF saw more than -$3.4 billion leave its coffers on Friday. Get your #Nasdaq market update from @PeterHanksFX here:
  • The $QQQ ETF recently saw its largest outflow, followed by its largest inflow since October 2000 What does this mean for the Nasdaq? Read more -
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.05% 🇳🇿NZD: -0.49% 🇪🇺EUR: -0.55% 🇨🇭CHF: -0.58% 🇬🇧GBP: -0.62% 🇦🇺AUD: -0.74% View the performance of all markets via
Gold Price Forecast: Lower Rates, Lingering Risk Aversion to Boost XAU

Gold Price Forecast: Lower Rates, Lingering Risk Aversion to Boost XAU

2020-03-05 18:00:00
Peter Hanks, Analyst

Gold Price Outlook:

  • Gold prices may climb following an emergency rate cut from the Federal Reserve
  • Apart from the initial shock, some investors suspect another 50bps cut at the March 18 Fed meeting
  • Thus, gold may enjoy the benefit of lower rates and lingering risk aversion simultaneously

Gold Price Forecast: Lower Rates, Lingering Risk Aversion to Boost XAU

Gold prices may climb higher in the weeks ahead following an emergency rate cut from the Federal Reserve.While the decision was a shock to most, some markets have already begun to price in another 50bps reduction to the Federal Funds Rate at the March 18 Fed meeting. The prospect of lower rates should fuel XAU/USD price gains in the weeks ahead as traders seek protection from inflation.

Trading the Gold-Silver Ratio: Strategies & Tips

That being said, the economic impact of coronavirus will likely be deflationary in nature – a theme I discussed in my silver price outlook. Still, once the storm has been weathered, the US economy will be left with substantially lower rates and, assuming the economy has not slipped into recession, an appetite to recoup losses. Thus, an eventual recovery could create prime conditions for rising inflation and drive gold demand.

Further still, it is difficult to ascertain just how much of the Fed’s easing has already been priced in to the precious metal. The US Dollar (via DXY) has declined for days and US Treasury yields have dropped to record lows while gold has remained beneath its recent swing high in February. Therefore, it looks as though gold will enjoy a series of fundamental tailwinds in the weeks ahead, particularly if risk aversion reaccelerates.

Gold Price Chart: Daily Time Frame (January 2019 – March 2020)

gold price chart

Standing in its path higher are two nearby levels of possible resistance. The first coincides with the metal’s February 2013 swing-high and the recent peak on February 24 around $1,690. It is followed by a Fibonacci level at $1,712. Together, the two levels will look to keep price contained as traders assess the fundamental cases for the commodity and bulls aim higher.

Gold Forecast
Gold Forecast
Recommended by Peter Hanks
Get Your Free Gold Forecast
Get My Guide

Nevertheless, it appears gold and silver have been offered a substantial tailwind in the form of aggressive monetary policy easing. In the meantime, follow @PeterHanksFX on Twitter for updates and analysis on the metal.

--Written by Peter Hanks, Junior Analyst for

Contact and follow Peter on Twitter @PeterHanksFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.