Investors moved away from their willingness to tighten the policy of Federal Reserve at an aggressive speed. Strategists in TD Securities believe that gold prices can hardly fall on the additional signals given to control inflation.
“Sahin Fed caused aggressive reduction of gold positions”
Dear Metal, 2,000 dollars of psychological level around the last week continued to withdraw with a decline. Spot was traded for $ 1,917 with a decrease of 0.74 %on a daily basis at the time of writing.
Market expectations for the Federal Reserve to tighten a more aggressive policy was a key factor that removed capital flows from unreasonable gold. Strategists in TD Securities, stating that the possibility of trying to rise from 2,000 dollars in the short term in the short term, is making the following assessment:
In response to an economy over high inflation and potential of the US Federal Bank, the increasing expectation that it would increase at least 50 basis points in May and probably more than 50 points in June led its money managers to reduce the golden position aggressively.
TDS: Fed’s additional signals will reduce the gold sharply
Kriptokoin.comAs we have included in the news, the FED expectations, which were increasingly hawk to combat the highest inflation of the last fracture of the year, brought US interest to new summits and increased the US dollar to the top of a period of more than two years. This was another element that created pressure on commodity prices in dollars. He did very little to support, which made me think that the minimum of resistance was down.
According to strategists, specifications have increased short -term purchasing between concerns that the price of high rates would reduce the price of high rates, while the price of gold fell sharply in the short term, decreased by the possibility of trial to $ 2,000 in the short term. Strategists, how the price of gold will move from now on:
From Jerome Powell et al., Any additional signal that they are willing to slow down the economy financially to control inflation, will sharply reduce prices.
