Futures broke through $2300 and the Federal Reserve's vote committee helped push gold prices up again
2024-04-02 21:37:21
On April 3rd, geopolitical risks increased the attractiveness of gold, while traders avoided the shadow cast by strong US economic data on the prospect of the Federal Reserve raising interest rates. Spot gold broke through $2280 at the end of the US market, and COMEX gold futures broke through $2300, both reaching historic highs. Previously, stable job vacancy reports and robust factory data in the United States stimulated speculation in the market that the Federal Reserve may need to maintain higher interest rates for a longer period of time, leading to pressure on gold prices in the US market. Nevertheless, the tense situation between Iran and Israel has enhanced the safe haven appeal of gold. The speeches of two Federal Reserve FOMC vote commissioners this year, Daley and Mester, also provided a boost to gold, with both predicting three rate cuts this year, indicating that they belong to the dovish camp in the dot matrix< Img src=“ https://flash-scdn.jin10.com/059f1c4b-db08-4198-991b-1a5d266b13e8.png "Refererpolicy=" no referrer ">
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