Analytical Reviews

Bekommen Sie die neuesten wirtschaftlichen Nachrichten von ForexMart, einschließlich Updates aus Finanzmarkt, Zentralbankpolitiksankündigungen, finanzielle Indikatoren und andere relevante Nachrichten, die die Branche beeinflussen können.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

The price of gold continues to break records


April, 01 2024
watermark Economic news

Gold, which ended trading at a historic high on Thursday, continues to rise on Monday amid expectations of interest rate cuts by the Federal Reserve. On Friday, due to Easter, the exchanges of the United States and many European countries were closed.


The price of June gold contracts at the close of trading on the New York Comex exchange on Thursday was $2,238.4 per ounce. On Monday, the futures price rose 1.8% to reach $2,286.35. In March, the price of gold increased by 8.9%, and for the entire first quarter – by 8%.


Analysts note that the unprecedented rally in gold was caused by softer inflation data in the United States, which increased expectations of a Fed interest rate cut in June. The consumer price index (PCE) in the United States in February increased by 0.3% compared to the previous month, which was lower than analysts' expectations, who predicted an inflation rate of 0.4%.


Markets estimate the probability of a Fed base rate cut in June at about 70%, and also expect that by the end of 2024 it will decrease by 75 basis points from the current level of 5.25-5.5% per annum.


As you know, lower interest rates create a favorable environment for gold, increasing its attractiveness as an investment asset. Gold investors act with confidence that the Fed will prefer to lower interest rates regardless of whether inflation reaches the target level.


hinterlassen

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.