News: 2024.03.15
Gold/USD remains supported amid current economic and geopolitical tensions. Gold has always been viewed as a safe-haven asset, with investors tending to move funds into gold during uncertain times. As a result, gold prices tend to be supported in this environment.
Gold's gains have not been hindered despite expectations for a delay in the Fed's interest rate cut. Economists at ANZ analyzed the outlook for gold. They believe that despite the strong performance of the U.S. economy, geopolitical tensions and concerns about a global economic slowdown are still supporting gold prices.
Recently, the price of gold has continued to rise, once breaking through the key resistance level of $1,500 per ounce. Investors' worries about slowing global economic growth and geopolitical tensions have boosted gold demand, supporting gold prices.
Currently, there are many geopolitical tensions around the world, such as U.S.-China trade frictions, tensions in the Middle East, etc. These uncertainties have made investors more inclined to seek safe-haven assets, making gold popular.
Although the Fed's rate cut is expected to be delayed, the market is still paying attention to the direction of the Fed's policy. The Fed's policy measures will directly affect the price of gold, and investors need to pay close attention to the Fed's statements.