Gold (XAU/USD) is catching some attention in early European trading on Monday, bouncing back after its recent dip from Friday's two-week high.
Despite the Federal Reserve’s hawkish surprise, projecting just one interest rate cut in 2024, markets are still speculating on the potential for two cuts this year due to easing inflation pressures.
This speculation is weighing on U.S. Treasury yields. Combined with a lighter risk sentiment, ongoing geopolitical tensions, and political uncertainties in Europe, these factors are boosting the appeal of safe-haven assets like gold.
With these dynamics in play, gold seems poised for continued support as investors navigate the complex landscape ahead.
Despite the Federal Reserve’s hawkish surprise, projecting just one interest rate cut in 2024, markets are still speculating on the potential for two cuts this year due to easing inflation pressures.
This speculation is weighing on U.S. Treasury yields. Combined with a lighter risk sentiment, ongoing geopolitical tensions, and political uncertainties in Europe, these factors are boosting the appeal of safe-haven assets like gold.
With these dynamics in play, gold seems poised for continued support as investors navigate the complex landscape ahead.
Сделка активна
Join the community group for the earliest support on short scalping and trading strategies!
✅ Knowledge of trading
✅ Support Free Trading Signals win rate 80%
FREE Chanel Signals: t.me/+TkyS7Rg4jN9iZjk1
✅ Knowledge of trading
✅ Support Free Trading Signals win rate 80%
FREE Chanel Signals: t.me/+TkyS7Rg4jN9iZjk1
Связанные идеи
GBPUSD
Trader_BrianFX
Premium
about GBPUSD