On January 9th, Jinshi data reported that despite the continued strength of the US dollar and the possibility of a smaller interest rate cut this year, the price of gold is still rising. Traders are currently looking for clearer signals about the future direction of monetary policy. Due to geopolitical tensions, concerns about strict tariffs on the United States, and support from Central Bank buying, the price of gold has risen. However, the resilience of the US labor market brings uncertainty to gold, as it may reduce the possibility of aggressive interest rate cuts by the Federal Reserve. Quasar Elizundia, a research strategist at Pepperstone, said: "Gold is at a crossroads, wavering between the strength of the US dollar, inflation pressure, expectations of Federal Reserve policy, and the increasing geopolitical uncertainties." "In the near future, the complex interaction of various factors will continue to shape the trend of gold."
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Institution: The gold price pump traders are waiting for the US interest rate cut signal
On January 9th, Jinshi data reported that despite the continued strength of the US dollar and the possibility of a smaller interest rate cut this year, the price of gold is still rising. Traders are currently looking for clearer signals about the future direction of monetary policy. Due to geopolitical tensions, concerns about strict tariffs on the United States, and support from Central Bank buying, the price of gold has risen. However, the resilience of the US labor market brings uncertainty to gold, as it may reduce the possibility of aggressive interest rate cuts by the Federal Reserve. Quasar Elizundia, a research strategist at Pepperstone, said: "Gold is at a crossroads, wavering between the strength of the US dollar, inflation pressure, expectations of Federal Reserve policy, and the increasing geopolitical uncertainties." "In the near future, the complex interaction of various factors will continue to shape the trend of gold."