daytonausaarcade| UBS analysts forecast: gold price fluctuations seek new highs, and silver performs better than gold's continued trend
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Before the release of US inflation datadaytonausaarcade, gold prices rose slightly as investors bet on fewer interest rate cuts. Federal Reserve officials made tough remarks, economic data exceeded expectations, and gold prices were under pressure. The market is concerned about the personal consumption expenditure price index, and gold prices are expected to fluctuate, with target tests reaching a new record high. Silver outperforms gold, and the trend may continue.
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Gold prices rose slightly as investors focused on upcoming U.S. inflation data
Although market expectations for a U.S. interest rate cut weakened ahead of this week's key inflation report, gold prices showed a slight rise on Monday. UBS analyst Giovanni Staunovo pointed out that Fed officials 'comments tend to be tough, coupled with U.S. economic data exceeding expectations, which has put pressure on gold prices, causing the market to delay the Fed's first interest rate cut again. Investors are closely watching the upcoming release on Friday of the personal consumption expenditure price index, a key measure of inflation by the Federal Reserve. Staunovo expects gold prices to remain volatile in the short term with limited rebound, but expects gold prices to challenge new historical highs later this year. Also,daytonausaarcadeHe mentioned that silver has surpassed gold this year, and this trend is expected to continue.
2024-05-27 18:33:40
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