Gold prices hit a record high driven by central bank purchases, with the Fed's interest rate cut path becoming the focus
According to Jinshi, the price of gold rose slightly during the early Asian trading session on April 9. Gold prices hit a record high on Monday, driven by purchases by central banks. ANZ analysts said in an email that traders were also watching key U.S. inflation data due out this week. Inflation data is expected to provide more clues on the Fed's path to cutting interest rates and could be the next driver for gold prices.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Securitize to Help Develop Dubai’s Regulated Tokenized Asset Market
Audley Travel to open concessions in nine John Lewis stores from November 2026
Tessin Nordic Holding announces extraordinary shareholder meeting
Will a 10-year US Treasury yield rising to 5.5% "attack" US stocks? Societe Generale warns: this could be the valuation tipping point.
Bokobza, Global Head of Asset Allocation at Société Générale, pointed out that if the 10-year U.S. Treasury yield reaches 5.5%, corporate profit growth will not be sufficient to offset the impact of rising rates on valuations, and the stock market will face substantial pressure. However, he believes that the upcoming rate hikes by the Federal Reserve and the European Central Bank will be relatively limited and will not disrupt the current economic cycle.
Crypto prices
More
