CITIC Securities: Gold prices may have a rebound opportunity driven by liquidity

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ME News message: On April 14 (UTC+8), a CITIC Securities research report noted that the market’s pricing of tighter liquidity is expected to weaken. CITIC Securities still expects the Federal Reserve to cut rates by 25 bps in the second half of this year, which is more dovish than market consensus. As the Iran conflict enters a de-escalation phase, U.S. stock valuations may still have room to recover. However, after that, the outlook remains unclear, and it is necessary to monitor the scope and intensity of disruptions to global supply chains and demand caused by shipping being blocked through the Strait of Hormuz. Currently, the resilience of the U.S. economy’s fundamentals may support real U.S. Treasury yields, making it difficult for long-end U.S. Treasury yields to sustain a clearly downward trend. The gold price may have a rebound opportunity driven by liquidity, while the dollar may weaken and trade in a choppy range as market sentiment improves. (Source: Jin10)

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