简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Gold Trading: As predicted by many market players, the Fed has finally raised its interest rate again by 25 bps. However, there is an anomaly where even though the Fed's interest rate has increased, the price of gold has actually increased.
Gold Trading: As predicted by many market players, the Fed has finally raised its interest rate again by 25 bps. However, there is an anomaly where even though the Fed's interest rate has increased, the price of gold has actually increased.
But why? This is because market participants feel that the monetary policy implemented by the US in this case the Fed will still be tight going forward, automatically with the current high interest rates people will reduce spending activities such as purchasing assets or business development, especially the credit sector and this also makes bonds it will be more interesting.
Apart from that, the press release issued by the Fed stated that their inflation target is 2%. And in his speech, Powell also emphasized that the Fed has not ruled out successive interest rate hikes, which means that there is a possibility of further hikes, according to many observers, in September this year.
The tight monetary policy adopted by the Fed means that US economic activity will not rotate optimally and it is not impossible that recession fears that were echoed at the beginning of the year related to the aggressiveness of the Fed could again weigh on the market.
Apart from factors from the Fed's policy, the increase in gold prices was also supported by sentiment towards the existence of a gold-based currency pioneered by Brazil, Russia, India, China and South Africa, known as the BRICS.
The Russian foreign ministry confirmed that the BRICS will hold a meeting in August to further discuss the gold-based currency.
Also, based on CME Group data, Gold Open Interest has doubled from 5000 transactions to 10000 transactions at a price of $ 2000. What does this mean? This means that many large institutions expect the price of GOLD COULD to be up to $ 2000 .
So don't miss this moment that doesn't always happen every day; take advantage of this moment to convert it into cash. Immediately open a trading account and take advantage of this golden moment. Check WikiFX for more reliable brokers
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Cyprus-based Traders Trust has joined the growing trend of forex and contracts for differences (CFDs) brokers entering the prop trading market. The retail broker has now launched its prop trading services under the new brand, TradingCult.
Belloofx, a purported trading platform, has been accused of scamming its clients. Farooq, a 43-year-old trader from Pakistan, has come forward with a detailed account of how he was defrauded by this unscrupulous broker. This article aims to highlight his experience and warn other traders about the potential dangers of trading with Belloofx.
Charles Schwab launches Schwab Stock Slices in the UK, making US fractional shares available to retail investors with $0 commission.
In recent years, Malaysia has witnessed a significant surge in financial scams, as evidenced by alarming statistics. The Securities Commission (SC) reported a notable increase in scam-related complaints, with approximately 2,873 cases logged in just the third quarter, signalling a troubling upward trend compared to previous years. Fellow Malaysians can learn how to protect themselves from scams and fraud through this article.