The gold market is once again reaching record highs, exceeding the mark of $2,560 per ounce. This upward movement in the market was provoked by a speech by Fed Chairman Jerome Powell in Jackson Hole, where he made it clear that the Fed is ready to lower interest rates. Lower Treasury bond yields, a weaker dollar and increased investment in exchange-traded funds investing in gold (ETFs) create a favorable environment for gold prices to rise. These factors, which previously inhibited the growth of the value of gold, can now become a powerful incentive for it. Jay Hatfield, chief executive officer of Infrastructure Capital Advisors, notes that the expectation of interest rate cuts from the Fed was a turning point for gold. He emphasizes that previously everyone believed that the Fed would be the last to cut rates, but now the situation has changed. This year, gold has shown impressive growth, setting new records and occupying one of the leading positions among the main commodities.
БЫСТРЫЕ ССЫЛКИ
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.
Контакты 
