© Reuters. TDS Group predicts a violent collapse in gold prices due to several factors!
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Arabictrader.com – TD Securities Group economists had expected it to continue its heavy losses in the next period, coinciding with the price breaking of the strong support level at 1700 an ounce.
The bank’s experts indicated that outflows from money managers and ETF holdings are expected to continue, and this will have a large negative impact on prices, ultimately increasing the possibility of a collapse in gold.
TDS economists explained that the US Federal Reserve is continuing its efforts to curb inflation and, in this context, it is expected to raise interest rates by around 75 basis points at the Fed meeting next week and by around others. 75 basis points in November, then another 50 basis points in December, and all this tightening of the Cash policy will have a strong negative impact on gold.
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