12 December 2022 | Other

Commerzbank: Expectations of a slowdown in US interest rate hikes may provide support for gold

Economists at Commerzbank report that US inflation data and/or the Fed and ECB data could support the gold market this week.

According to experts, inflation data may turn out to be more moderate compared to the market’s expectations. US inflation data may not affect the Fed's interest rate decision. However, it could set the tone at a press conference. If the market lowers its expectations for a rate hike cycle, this is likely to lend buoyancy to Gold.

Nevertheless, the likelihood that the ECB decision will have a serious impact on the prices is somewhat low. 


Company MarketCheese
Period: 01.05.2025 Expectation: 1000 pips
GBPUSD to test level of 1.34 again
25 April 2025 55
Brent sell
Period: 01.05.2025 Expectation: 660 pips
Trade uncertainty and excess OPEC+ supply are dragging down Brent
25 April 2025 40
Period: 29.04.2025 Expectation: 600 pips
USDCAD to head towards 1.39400 after rebounding from 1.38200
25 April 2025 35
Period: 02.05.2025 Expectation: 1669 pips
AUDCAD gains on potential easing of trade tensions between US and China
25 April 2025 35
Period: 30.04.2025 Expectation: 12000 pips
ETHUSD set to test upper boundary of downtrend channel
24 April 2025 90
Period: 25.04.2025 Expectation: 500 pips
AUDUSD to fall to 0.63000
24 April 2025 45
Go to forecasts