Gold continues to grow, waiting for economic data from the United States, which may affect forecasts for a Fed rate cut. The spot price of gold rose by almost 0.6% to $2,678 per ounce, approaching an all-time high. Gold futures are also showing an increase of 0.6%, trading at $2,696. Experts note that the easing of the US monetary policy is a key factor contributing to the growth of demand for gold. The uncertainty surrounding the upcoming US elections and the geopolitical situation also plays a role in maintaining interest in the "safe asset". They also predict that spot gold could peak on September 26 at $2,685. On Thursday, investors expect the publication of data on retail sales, industrial production and applications for unemployment benefits in the United States. These indicators may give new signals about the prospects for further Fed rate cuts. Traders estimate the probability of a 25 bps rate cut in November at 97.2%. Delegates to the annual meeting of the London Precious Metals Market Association predict an increase in gold prices to $2,941 over the next 12 months.
ForexMart is authorized and regulated in various jurisdictions.
(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines
Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.
联系我们 
