Gold prices have achieved an impressive rise in history in 2024, and once again confirmed its position as a source of assets and potential returns.After the Federal Reserve’s first interest rate cut since 2020, international gold prices have once again refreshing historical records.Market participants not only responded to the Fed’s 50 -based interest rate cuts, but also responded to the major transformation of the Fed’s monetary policy.It is estimated that in the middle of 2025, continuous interest rate cuts may reduce the interest rate of US federal funds to about 3%.In addition, the geographical situation in the Middle East continued to rise and the Russian -Ukraine conflict continued, which increased the attractiveness of gold as a hedge asset.
Dylan Smith, a senior economist at Rosenberg Research Company, believes that a series of new driving factor is promoting the international gold price to enter a new round of upsurge, and this round of gain may touch $ 3,000/ounce, which means the bull market meansThe next stage has just begun.Smith pointed out that in the past three months, traditional gold trading open index funds (ETFs) have changed from net outflow to net inflowAgra Stock. As the median investors have begun to realize that gold has become an important part of the investment portfolio, as facing it as facing as facingFor more uncertain global economy, the golden bull market may continue.
However, some market observers believe that the price adjustment of consolidation or mild price may be coming.Although this timing and amplitude are still uncertain, the market is paying close attention to the next step of the Federal Reserve.According to the Fed observation tools of the Chicago Commodity Exchange, the possibility of 50 basis points at the interest rate cut at the interest rate at the November of November was 59.2%.Investors and Federal Reserve officials are eagerly waiting for key inflation data on Friday (September 27) in the evening of Friday (September 27).The U.SUdabur Investment. Labor Statistics will announce the latest personal consumption expenditure (PCE) data.The market is expected to fall from 2.5%in July to 2.2%in August.
If the personal consumption expenditure data is consistent with expectations, it may enhance the confidence of the Federal Reserve officialsLucknow Wealth Management. Based on this, it is believed that inflation is stabilizing and moving towards the target of 2%, which may make more guidelines for the next rate reduction.Jaipur Investment
Agra Wealth Management