💡 GOLDOZ: Gold reversed sharply yesterday
Updated
💡 Following recent dovish comments from some US politicians, investors are now awaiting Thursday's speech from Federal Reserve Chairman Jerome Powell for further guidance on interest rate trends. According to the CME Fed Watch tool, the market has priced in a 90% chance that the Fed will leave interest rates unchanged at next month's policy meeting. That number yesterday morning was 67%.
💡 Carlo Alberto de Casa, a market analyst at Kinesis Money, said current developments in the conflict between Israel and Hamas have made it less likely that the US Federal Reserve will raise interest rates in the near future. Stated. In this context, gold will benefit.
💡 Carlo Alberto de Casa, a market analyst at Kinesis Money, said current developments in the conflict between Israel and Hamas have made it less likely that the US Federal Reserve will raise interest rates in the near future. Stated. In this context, gold will benefit.
Note
💡 In response to the escalation of military conflicts in the Middle East, market risk aversion has increased. Since then, many investors have turned to gold as a safe haven for their capital. This is contributing to the rise in gold prices today.Note
💡 Another development is that due to low corporate income, rising interest rates and increased risks of the possibility of expanding the Israel-Hamas conflict, the US and European stock markets dropped sharply. Especially on Wall Street, the Dow Jones plummeted 332 points, the S&P 500 dropped 58 points, and the Nasdaq dropped 219 points.Accordingly, many stock investors have transferred capital to the gold market. Today's world gold price increased sharply, which is understandable.
Note
💡 Gold is returning to 2000Note
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