© Archyde.com. TDS Group expects a violent collapse in gold prices for several factors!
Arabictrader.com – Economists at TD Securities Group expected it to continue its strong losses during the coming period, in conjunction with the price breaking of the strong support level at 1700 an ounce.
Experts at the bank indicated that it is expected that the outflows of money managers and the properties of ETFs will continue, and this will have a strong negative impact on prices, ultimately increasing the possibility of a gold collapse.
TDS economists explained that the US Federal Reserve is continuing efforts to curb inflation, and in this context, it is expected to raise interest rates by about 75 basis points at the Fed meeting next week, and about another 75 basis points in November, and then another 50 basis points in December, and all this tightening in policy Cash will have a strong negative impact on gold.