Gold continues to reach new record levels
World gold prices hit a record on April 9, thanks to buying activities and geopolitical risks, while attention was directed to the meeting minutes of the US Federal Reserve (Fed) and inflation data of this country.
Minutes of the Fed meeting and data on the consumer price index will be published on April 10.
Gold is considered a safe haven from inflation and geopolitical risks, but rising interest rates tend to reduce the appeal of this non-yielding asset.
According to the World Gold Council, the factors leading to the current recovery in gold prices are increased geopolitical risks, stable gold purchases by central banks and demand for gold jewelry and bullion. Just like gold coins are still big.
CME Group data shows that the market believes there is a 53% chance of the Fed lowering interest rates in June 2024.
Minutes of the Fed meeting and data on the consumer price index will be published on April 10.
Gold is considered a safe haven from inflation and geopolitical risks, but rising interest rates tend to reduce the appeal of this non-yielding asset.
According to the World Gold Council, the factors leading to the current recovery in gold prices are increased geopolitical risks, stable gold purchases by central banks and demand for gold jewelry and bullion. Just like gold coins are still big.
CME Group data shows that the market believes there is a 53% chance of the Fed lowering interest rates in June 2024.
Comment:
-This year, I expect one rate cut in America in September.
-The European Central Bank is closer to cutting interest rates and inflation in Europe is heading towards decline.
-Gold continues to rise to $2,450 due to geopolitical tensions.
-The European Central Bank is closer to cutting interest rates and inflation in Europe is heading towards decline.
-Gold continues to rise to $2,450 due to geopolitical tensions.
Comment:
Figures released Wednesday showed a key inflation measure has beaten economists' forecasts for three straight months. The core CPi index increased by 0.4% compared to February and increased by 3.8% compared to the same period last year, similar to the previous month.
Comment:
🔹Bloomberg on the former director of Israeli intelligence: Iran’s response may lead to a strategic change in the war and even to its end.
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The Federal Reserve (Fed) will release the minutes of the March policy meeting on Wednesday. Investors will pay close attention to comments regarding the inflation outlook and the possible timing of a policy pivot.