Gold surged to a record high as the prospect of rate cuts from the Fed rose. Economists at ANZ Bank analyze the yellow metal’s outlook.
The Fed maintained its outlook for three rate cuts this year
The Fed maintained its outlook for three rate cuts this year at Wednesday’s FOMC meeting, suggesting it hasn’t been concerned with the recent uptick in inflation. This was a green light for investors, with holdings of Gold-backed ETFs recording strong inflows.
These flows have been absent in this year’s Gold prices rally, with other factors including heightened geopolitical risks and buying from central banks underpinning the gains. However, increased demand from Gold-backed ETFs suggests the current rally could be the start of something more sustainable.
Penafian: Pandangan yang dinyatakan adalah semata-mata dari pengarang dan tidak mewakili kedudukan rasmi Followme. Followme tidak bertanggungjawab ke atas ketepatan, kesempurnaan, atau kebolehpercayaan maklumat yang diberikan dan tidak bertanggungjawab untuk sebarang tindakan yang diambil berdasarkan kandungan, melainkan dinyatakan secara bertulis secara jelas.
Suka artikel ini? Tunjukkan penghargaan anda dengan menghantar tip kepada pengarang.
Tiada komen lama, mula komen sekarang