XAUUSD: Predicted further decrease
According to Kitco News, the FED's revision of monetary policy by halving interest rate cuts next year is the key reason why the world gold market has been almost paralyzed in recent days.
Currently, the FED is expected to only cut interest rates by 0.25 percentage points (25 basis points) 2 times instead of 4 times as announced in the last June meeting, meaning that The Fed's interest rates will remain high above 5% throughout 2024. This makes gold investors confused, as the high interest rate environment is an unfavorable signal for precious metal prices, as they increase costs. opportunity cost of holding unprofitable assets.
Currently, the FED is expected to only cut interest rates by 0.25 percentage points (25 basis points) 2 times instead of 4 times as announced in the last June meeting, meaning that The Fed's interest rates will remain high above 5% throughout 2024. This makes gold investors confused, as the high interest rate environment is an unfavorable signal for precious metal prices, as they increase costs. opportunity cost of holding unprofitable assets.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.