Zhejiang Donghai Commodity Trading Center

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The market outlook will face more difficulties, affected by the strength of the U.S. dollar and expectations of U.S. Federal Reserve interest rate hike forecasts.
ABN Amro believes that before the dust settles in the first quarter of next year, gold is likely to hit a new low, and gold prices may fall below the dollar/ounce level. The bank expects prices to fall to $.USD/oz.
The Dutch Central Bank still holds a bearish attitude towards gold prices next year.
The bank said that the U.S. Federal Reserve's interest rate hikes will push the U.S. dollar to suppress gold, and investors will seek assets with better income opportunities in a positive environment.
ABN Amro said that although gold is regarded as a safe-haven asset, the price of gold will drop sharply when the global liquidity crisis rises, because investors will favor cash instead of gold. Therefore, in the event of In such a severe crisis, gold cannot be used as a safe haven asset.
The bank believes that the U.S. Federal Reserve will slowly raise interest rates this year, and this impact has not yet been factored into gold prices. A rise in U.S. bond yields could push gold prices down to $/oz or even lower.
However, ABN Amro has a more positive attitude towards the performance of gold in 2018, with the decline in mine production