Analyst: The Federal Reserve appears slightly hawkish, gold may pull back to $3,600 in the short term
Jinse Finance reported that Marex analyst Edward Meir stated, "The Federal Reserve's overall stance on interest rates is slightly hawkish, and they are not truly enthusiastic about supporting rate cuts. Therefore, we have seen the US dollar strengthen after the Fed meeting, and US Treasury yields have also risen... I think in the short term, gold prices may be a bit overbought and could further retreat to the $3,600 mark."
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
Below the lower range! Data center power distributor Accelevation (ACCV.US) IPO priced at $18 per share, raising $540 millions.
Accelevation Holdings issued 30 million shares at $18 per share, raising $540 million. Of these, 67% were secondary offerings. The issue price was below the previous pricing range of $20–24.
High yields boost buying, Japan's two-year government bond auction passes smoothly
Driven by attractive yields, capital has been flowing in, resulting in Wednesday's two-year Japanese government bond auction seeing demand stronger than the 12-month average.
"The Big Short" Burry’s star pupil warns: South Korean stock market appears to be a "capitalist paradise," but in reality hides a "value trap"
There are hidden traps behind low-priced Korean stocks: most of their value is often inaccessible to minority shareholders.
Crypto prices
More
