Pay attention to the impact of interest rates on gold prices

In the first two trading days of this week, the international gold price showed a weak oscillation and did not show an obvious trend. However, judging from the overall structure of the daily level, the current international spot gold price is still in a strong range, and the general trend has not changed.

Although individual U.S. economic data released recently have performed well, expectations for the Federal Reserve to cut interest rates have cooled. The actual market has priced in the Fed's interest rate cut cycle in advance. Even if U.S. inflation is still higher than the Fed's expected target, it is eventually getting closer to the target. This is Prerequisites for persuading the Federal Reserve to start a rate cut cycle.

The weak economy has been recognized by the Federal Reserve. To prevent an economic recession in the future, the Federal Reserve has to start a new round of interest rate cuts. It can be understood from the recent performance of international gold prices that even if the U.S. dollar index and even the ten-year U.S. bond yield rebounded strongly, international gold prices are still in a high area.

The Federal Reserve's March interest rate decision is about to come, and the market is paying attention to what new signals the Federal Reserve will release. It is expected that the international gold price will launch an offensive in the short term based on 2,145 US dollars per ounce.

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