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Huitong Network2month24Daily News - Gold Prices2month23Daily rise1%To a three-and-a-half-month high, the latest meeting minutes released by the Federal Reserve further lowered market sentiment3The expectation of monthly interest rate increase has lowered the yield of US treasury bond bonds and weighed on the US dollar.
Futures closing: Gold price rises3Month high, Trump28Daily speech materials will provide guidance
After the Federal Reserve released the minutes of its last policy meeting, the US dollar index fell for the second consecutive day; Federal Reserve officials are confident that they can gradually raise interest rates and believe that the risk of severe inflation is minimal. US Treasury Secretary Nuchin stated that US interest rates may remain low for the long term. The uncertainty of US President Trump's policies and the upcoming general election in Europe have prompted investors to speculate that the Federal Reserve will slowly raise interest rates.
goods in stockgoldRecorded2month6The largest daily increase in recent days, with spot gold rising1%Reported per ounce1249.36The US dollar has previously risen to11month11Daily highest1251.14US dollars. The price of gold has risen by more than8%。
Societe Generale in FranceRobin Bhar"The decline of the US dollar and the decline in US bond yields have provided some support for gold," he said
Dillon Gage MetalsExecutive Vice President of Precious Metals Investment ServicesWalter PehowichGold investors should be closely monitoring the upcoming elections in Europe
PehowichLe Pen, the leader of the far right National Front in France, has expanded her lead before the first round of presidential elections. Le Pen has stated that if elected, a referendum will be held on France's withdrawal from the European Union.