The price of gold fell on Thursday with the rise of the dollar. Some investors preferred cash after the US Federal Bank (FED) showed that the policy meeting minutes would remain on the interest rate hike route of the central bank.
Brian LAN: Gold price can fall to $ 1,820
Spot gold price, a stronger dollar in the hands of other currencies for buyers due to the damage to the dollar -priced ingot demand for the writing of the article was written by 0.5 %decreased to $ 1,844,15. US gold futures decreased by 0.2 %to $ 1,843.30.
Brian Lan, General Manager of Dealer Goldsilver Central, says the Fed’s commitment to increase interest rates a little affected, some profits were taken as the news deepens and prices may fall up to $ 1,820.
Brian Lan estimates that gold will shine in the long term
Kriptokoin.comAs we have included in our news, Gold, the notes from the Fed’s May meeting, the Central Bank will not be more aggressive and to combat inflation in June and July to increase interest rates by 50 basis points after showing that some dollar force -oriented losses reduced losses.
However, in the long run, Brian Lan estimates that investors know that the stagnation is approaching and that during this period, looking at something high -precious to protect them from the tide and that gold will shine.
Michael McCarthy: This is positive for the gold price
The further rise of short -term US interest rates and bond rates increase the opportunity cost of holding ingots, which cannot be a return. However, gold is seen as a safe asset during financial crises.
Australia, Tiger Brokers’ chief strategy manager Michael McCarthy, the Fed’s two -half -point increase and then waiting to see the economic impact is positive for gold, so the reaction of the gold’s response is a quiet disappointment.
In addition, the world’s largest gold -backed stock exchange, the Fund of the Fund of the SPDR Gold Trust, the previous day the previous day from 1,068.07 tons of Wednesday by 0.2 %increased to 1,069.81 tons announced.
