PANews March 15 news, for gold investors, this week is a "historic" week. In an uncertain world, gold broke through the important $3,000 mark for the first time on Friday, as investors flocked to this safe-haven asset in this historic surge, seeking to hedge against the economic uncertainty caused by US President Trump's tariff war. Next week, global investors will face a "super central bank week", with the Bank of Japan, the Federal Reserve, the Swiss National Bank, the Riksbank and the Bank of England all set to announce interest rate decisions. The key points that the market will focus on in the new week are as follows:
Monday 20:30, US February retail sales monthly rate, March New York Fed manufacturing index
Thursday 02:00, FOMC of the Federal Reserve announces interest rate decision and economic outlook summary
Thursday 02:30, Federal Reserve Chairman Powell holds a monetary policy press conference
Thursday 20:30, US initial jobless claims for the week ending March 15, US Q4 current account, March Philadelphia Fed manufacturing index
Friday 21:05, FOMC permanent voter, New York Fed President Williams delivers a speech
The most important event next week is the Federal Reserve's interest rate decision on Thursday. In addition to the interest rate decision, statement and press conference, the committee will also release updated economic forecasts, including a new "dot plot". As the market generally expects the Fed not to take any action before June, the focus may be firmly on the dot plot. Some analysts expect that this so-called "economic panic" is a "tactic" of the Trump administration, trying to force the Federal Reserve to cut interest rates quickly. Former Lehman Brothers trader Larry McDonald also expects that Trump is deliberately creating an economic recession in order to force the Federal Reserve to cut interest rates and reduce the US government's interest expense.