Gold Price Q3 Forecast: Gold Outlook Bullish on Imminent Fed Rate Cut

Gold took out the 2014 high ($1392) after the Federal Reserve altered the forward guidance for monetary policy, and the price for bullion may continue to benefit from the current environment as the central bank appears to be on track to switch gears over the coming months.

在美联储改变货币政策的远期指引后，黄金拿走了2014年的高点（1392美元），黄金的价格可能继续受益于当前环境因为中央银行似乎有望在未来几个月内转向。

July Fed Meeting Interest Rate Probabilities

7月美联储会议利率概率

In fact, Fed Fund futures now highlight 100% probability for at least a 25bp rate cut at the next rate decision on July 31. The central bank may show a greater willingness to establish a rate easing cycle as the dot-plot shows the benchmark interest rate narrowing to 1.75% to 2.00% by the end of 2019.

事实上，美联储基金期货现在强调在7月31日的下一次利率决定中至少降息25个基点的概率为100％。央行可能表现出更大的意愿来建立利率宽松政策周期点图显示到2019年底基准利率收窄至1.75％至2.00％。

Gold prices are testing big resistance into the final week of June trade and while the broader focus is higher in XAU/USD, look for a larger pullback early next quarter to offer more favorable entries while above 1319. Ultimately, were targeting fresh yearly highs above 1400 in the second quarter before a larger correction.

黄金价格正在测试6月交易最后一周的大阻力，而XAU / USD的更广泛关注点更高下个季度初期会有更大的回调，在1319以上时提供更多有利的参与。最终，在更大的修正之前，第二季度将目标定位在1400以上的年度新高。

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Gold Price Weekly Chart

黄金价格每周图表

Chart prepared by Michael Boutros

由Michael Boutros编写的图表