The latest meeting minutes released by the Federal Reserve have weakened3Expected monthly interest rate hike

Huitong Network2month24Daily News - Friday(2month24day)International gold prices hit their highest point in about three and a half months1255.30dollar/Ounces, due to the weakening of the US dollar and uncertainty surrounding US President Trump's policies and European elections leading to safe havengoldDemand is heating up.

As of the deadline for submission, spot gold has been traded on1254.56dollar/Ounces, rising within the day0.40%; The US dollar index operates on100.85, Down0.12%。
Political uncertainty drives up demand, and international gold prices climb to a three-and-a-half-month high
The latest meeting minutes released by the Federal Reserve have weakened3The expectation of monthly interest rate hikes also provides support for gold prices.

Even with interest rate hikes, we believe that the price of gold will not fluctuate4Before the French presidential election, there was a significant decline, and the political stalemate in the United States seemed to be getting worse day by dayINTL FCStoneanalystEdward MeirSay.

Political uncertainty has triggered a sustained flow of funds into goldETF。 The world's largest goldETF--SPDR Gold TrustThe holding amount for this month has increased by more than5%。

Investors are currently waiting for Trump's congressional speech next week, hoping to have a clearer understanding of his economic policies.

Reuters technical analyst Wang Tao said that given that gold has more or less reached resistance levels1249The price of US dollars and gold may further explore1278USD.
Federal Reservehttp://news.fx678.com/news/keywords/fed.shtml