GOLD - continue its uptrend
The gold price has continued to increase as the US consumer price index (CPI) has decreased, indicating a decline in inflation. This has led to speculation that the US Federal Reserve (FED) could potentially end the interest rate hike cycle.
Analysts predict that the Fed may raise interest rates by 0.25% at its upcoming meeting, but this could be the final rate hike as the Fed observes the effects of monetary policy tightening on the economy.
The DXY index and yields on 10-year US Treasuries have both fallen, and financial investors have sold off the USD, causing its value to decrease. This is good news for gold as it is priced in USD.
Analysts predict that the Fed may raise interest rates by 0.25% at its upcoming meeting, but this could be the final rate hike as the Fed observes the effects of monetary policy tightening on the economy.
The DXY index and yields on 10-year US Treasuries have both fallen, and financial investors have sold off the USD, causing its value to decrease. This is good news for gold as it is priced in USD.
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