- Federal Reserve officials took a cautious approach in comments on the outlook for possible interest rate cuts this year, which, in turn, prompts some profit-taking around the Gold price.
- Richmond Fed President Thomas Barkin said that he was open to interest rate cuts once it is clear that progress on inflation will be sustained and applied more broadly in the economy.
- Minneapolis Fed Bank President Neel Kashkari said that he penciled in two rate cuts this year at the March meeting, though none may be required if inflation continues to move sideways.
- The hawkish comments keep the US Treasury bond yields elevated, which assists the US Dollar in building on the overnight bounce and further exerts pressure on the non-yielding yellow metal.
- Geopolitical tensions in the Middle East ratcheted up amid persistent fears that an Iran retaliatory strike against the Israeli attack on its embassy in Syria earlier this week could be imminent.
- This, along with the protracted Russia-Ukraine war and a devastating earthquake in Taiwan, continues to weigh on investors' sentiment and should lend support to the safe-haven XAU/USD.
- Investors now look to the US monthly jobs report, which is expected to show that the economy added 200K jobs in March vs the 275K previous, and the unemployment rate held steady at 3.9%.
- Apart from this, the Average Hourly Earnings will influence market expectations about the Fed's rate-cut path, which, in turn, will drive the USD and provide a fresh impetus to the commodity.
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
喜欢的话，赞赏支持一下
暂无评论。 来发表第一条观点吧。