The strength of the Gold price is a bit disconcerting. The economists of Commerzbank analyze the prospects for the yellow metal.
For most market participants, a Fed rate cut has barely come close
Despite recent weakness in US economic data, a Fed rate cut has barely come close for most market participants. According to Fed funds futures, the first rate cut is not expected until June at the earliest.
The Fed meets next week: a rate cut is not expected. But if the Fed's new projections and Chairman Powell's words at the press conference can be interpreted as increasing the chances of faster interest rate cuts, the gold market could even set new records. , before the rally runs out.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
