Gold prices rise on expectations of a December Fed rate cut

avatar
ODAILY
11-29
This article is machine translated
Show original
Odaily Odaily News: The recently released US personal consumption expenditure data was in line with expectations. The market is optimistic about the prospect of the Federal Reserve's interest rate cut in December, and gold prices rose slightly in early Asian trading. ANZ Research analysts said in a research report that the overall market performed poorly overnight during the US Thanksgiving holiday, and the commodity market currently expects a 70% chance of a 25 basis point interest rate cut in December, up from 56% a week ago. At the same time, analysts said that geopolitical tensions in Europe after the Russian missile attack on Ukraine also boosted demand for safe-haven assets. (Jinshi)

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments