Mars Finance News, on April 18, the ECB cut rates by 25 basis points as expected, marking the seventh rate cut in the past year, with the decision being unanimously approved. Additionally, Trump urged the Federal Reserve to lower rates earlier, just like the ECB. The latest CME "Fed Watch" data shows an 86.3% probability of maintaining interest rates unchanged in May, with a 13.7% chance of a 25 basis point rate cut. In June, the probability of maintaining interest rates unchanged is 38.2%, with a 54.1% probability of a cumulative 25 basis point rate cut and a 7.6% probability of a cumulative 50 basis point rate cut. Overall, monetary policy easing and the severe global trade situation have become the two main factors supporting gold prices. (Jin Shi)
The ECB cut interest rates by 25 basis points, and the market is paying attention to the latest statement of the Federal Reserve
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