Gold and its upcoming direction!
Updated
The relentless surge of gold to a new record high in the opening session of April is being driven by predictions of US interest rate cuts and its appeal as a safe haven asset, currently holding steady at around $2,255.
The real driving force behind gold's upward trajectory is the growing belief among investors that the US Federal Reserve will loosen monetary policies. Market watchers are eagerly anticipating an early rate cut by the Fed, possibly in May or June.
The recent increase in this precious metal is also fueled by strong buying pressure from central banks worldwide, as they diversify their reserves amid geopolitical risks, domestic inflation, and a weakening US dollar.
The consensus is clear: gold thrives in favorable conditions and is poised to continue breaking new records in the near future.
The real driving force behind gold's upward trajectory is the growing belief among investors that the US Federal Reserve will loosen monetary policies. Market watchers are eagerly anticipating an early rate cut by the Fed, possibly in May or June.
The recent increase in this precious metal is also fueled by strong buying pressure from central banks worldwide, as they diversify their reserves amid geopolitical risks, domestic inflation, and a weakening US dollar.
The consensus is clear: gold thrives in favorable conditions and is poised to continue breaking new records in the near future.
Trade active
Note
Trade active
Note
Note
Note
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.