Via TradingView Ideas
It is predicted that XAU will continue to grow in the near futur
Gold OANDA:XAUUSD
TrategySherpa
Gold recorded its second consecutive week of decline after a 5-week recovery streak, but in general, investors are still optimistic about the recovery of gold.
(Fed) is clearly expressing its opinion that it will no longer be tough in monetary policy from now until the end of 2024. Specifically, in a recent press conference, Fed Chairman Jerome Powell made it clear that the US Central Bank There will be no intention to increase interest rates.
In addition to monetary policy factors, experts also believe that the demand to buy gold from central banks is also one of the decisive factors pushing gold prices to a new record high.
World Gold Council (WGC) global research director Juan Carlos Artigas said that gold has proven to be the most diverse financial instrument, which is why central banks continue to hold gold.
Gold forecasts have many factors to increase the price in the near future.
Many major banks around the world say that the gold market has almost eliminated all pressure from the Fed's monetary policy and expect to see many new record prices set this year.
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