Whether or not precious metals can continue to climb will depend on whether investors stand by their views about the slowing pace of Fed hikes.
Gold and silver prices continued to climb on Monday after cementing their best weekly performance since March.
Price actionWhat analysts are saying Strategists warned that the latest rally — the biggest for gold and silver since March — has been driven by the perception that the Federal Reserve is planning to slow the pace of rate hikes. Rupert Rowling, a precious metals strategist with Kinesis Money, warned that it could reverse if investors abandon the view that the Fed is already slowing the pace of rate...
Price action What analysts are saying Strategists warned that the latest rally — the biggest for gold and silver since March — has been driven by the perception that the Federal Reserve is planning to slow the pace of rate hikes. Rupert Rowling, a precious metals strategist with Kinesis Money, warned that it could reverse if investors abandon the view that the Fed is already slowing the pace of rate hikes in response to a slowing U.S. economy.
“A large portion of markets’ recent bounce, which gold has also been a beneficiary of, has been predicated on future Fed rate hikes being smaller with fewer of them required. If this proves a false dawn then a fresh slide of both equities, particularly growth stocks, and gold can be expected,” Rowling wrote in an emailed note viewed by MarketWatch.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Cody Simpson Wins Gold at a Major Swimming MeetSimpson earned the bling for his contribution to the Australian men’s 4x100m freestyle relay team in Birmingham, England.
Leer más »
Gold Price Forecast: XAU/USD struggles near $1,760 on sour sentiment ahead of US PMIs, NFPGold price (XAU/USD) remains pressured despite bouncing off the intraday low, down for the first time in four days, as buyers take a breather around t
Leer más »
Jewish Buyer Purchases Hitler’s Gold Watch for $1.1 Million at Maryland AuctionOriginal projections for the sale estimated that it would go for somewhere between $2 million to $4 million.
Leer más »
Gold Price Forecast: XAU/USD jumps to fresh multi-week high amid broad-based USD weaknessGold Price Forecast: XAU/USD jumps to fresh multi-week high amid broad-based USD weakness – by hareshmenghani Gold Commodities Fed Recession XAUUSD
Leer más »
The Gold Coast is more than just sun and sea – it's a business meccaFrom spacecraft to artificial hearts, why the Gold Coast is Australia's new hub of innovation cityofgoldcoast ad
Leer más »
The Godfather Wars | Vanity Fair | March 2009In many ways, the men who made The Godfather—director Francis Ford Coppola, producer Al Ruddy, Paramount executives Robert Evans and Peter Bart, and Gulf & Western boss Charles Bluhdorn—were as ruthless as the gangsters in Mario Puzo's blockbuster. After violent disputes over the casting of Marlon Brando and Al Pacino, they tangled with the real-life Mob, which didn't want the movie made at all. MARK SEAL recalls how the clash of Hollywood sharks, Mafia kingpins, and cinematic geniuses shaped a Hollywood masterpiece
Leer más »