The latest consumer inflation figures from the United States (USD) released on Wednesday reaffirmed market expectations that the Federal Reserve (Fed) may soon be finished raising interest rates. Adding to this, the March Federal Open Market Committee (FOMC) showed that several policymakers considered pausing interest rate increases after the failure of two regional banks. This leads to a further decline in the US Treasury bond yields and is seen as a key factor benefitting the non-yielding Gold price.
Weaker US Dollar further underpins Gold price
Meanwhile, growing acceptance that the Fed will pause its monetary tightening after hiking one last time next month and possibly start cutting rates during the second half of the year continues to weigh on the US Dollar (USD). In fact, the USD Index, which tracks the Greenback against a basket of currencies, drops to its lowest level since early February. This, along with worries about a deeper global economic downturn, contributes to the bid tone surrounding the US Dollar-denominated Gold price.
風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。
暫無評論，立馬搶沙發