Deep Tide TechFlow news: On May 05, strategists at State Street Global Advisors said in a report that gold could rise as long as market consensus and the Federal Reserve’s forward guidance point to future easing policies. Money-market and foreign-exchange traders may be waiting for a workable (U.S.-Iran) peace agreement, so they can ramp up pricing of the Federal Reserve’s rate cuts again.



They believe that as long as the forward guidance shows that rate cuts are coming soon, gold can still perform well even if the Federal Reserve keeps interest rates unchanged. However, if the outlook for monetary policy continues to shift hawkish, it could be a headwind for gold—at least in the short term. In addition, if oil prices remain at $100 per barrel as the new normal, it could also limit gold’s momentum toward $5,000 per ounce. (Jin10)
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin