XAU price today April 1, 2024 reached a historic peak

Zaktualizowano
CME's FedWatch probability indicator shows that there is a 62% chance that the US Federal Reserve (Fed) will cut interest rates in June. Lower interest rates often weaken the USD, making gold more attractive for investors holding other currencies.

Another important factor contributing to the rise in gold prices is the continued purchase of physical gold by central banks around the world. Increased demand will directly impact prices, pushing gold prices to record highs.
ECB policy planning member Francois Villeroy said that achieving the ECB's 2% inflation target is feasible. At the same time, he also warned about potential risks if the ECB does not cut interest rates. ECB executive board member Fabio Panetta hinted on Thursday that "the conditions for launching an easy monetary policy are gradually emerging."
According to experts, central banks' gold purchases, impending interest rate cuts and concerns about inflation are the driving forces for gold prices to continue to increase in the short term.

Bob Haberkorn, an expert at RJO Futures, said that closer to June, the market will see gold prices rise higher due to expectations of interest rate cuts by the Fed.
Uwaga
SELL XAU 2262 - 2265
TP1: 2255
TP2: 2244

SL: 2275
Uwaga
running + 50 pips
Uwaga
running + 120 pips
Uwaga
Running + 140 pips
ForexforexsignalsforextradingFundamental AnalysisTechnical IndicatorssignalstradingTrend Analysis

Powiązane publikacje

Wyłączenie odpowiedzialności