“I hope all the gold investors outside will wear the seat belts, Ne said the market expert Neils Christensen, according to last week’s indicators, the price movement will continue his bumpy journey.
“Gold is not only a protection against inflation, but more”
Federal reserve on Wednesday, a hawk attitude in March, while preparing the ground to raise the ground hike and plans to shrink the swollen balance sheet before the end of the year, the expert says that the golden bulls have stepped back once more. According to the expert, the FED founded foundations, and apparently the markets do not seem to have started to build a rotten card house. Markets are now pricing five possible interest rate hikes for this year and a 50 -basin -point movement potential in March. Some economists and analysts are worried that aggressive tightening may drown economic growth this year. Paul Ashworth, US chief economist of Capital Economics, makes the following assessment:
At the press conference, Jerome Powell fueled Ratemaggedon fears with a hawk performance. However, both wage and basic price inflation are at the highest levels of 40 years, even when this year’s disappointment, real economic growth will limit the FED to 100 base points tightening.
Kriptokoin.comAs we have reported as, the precious metal has fallen about 3 %since the monetary policy meeting on Wednesday, while many commodities are not ready to give up precious metal. Many analysts show that gold is not only a protection against inflation, but that the latest PCE data works at the highest level of 40 years. Neils Christensen also states more than a risk protection against a shaky stock market, and now there is an insurance against a ‘policy error’ originating from the Fed:
We can see how solid the gold market is. It is more than the sum of the ETF market. On Thursday, the World Gold Council, despite the demand for internal depressing investor for products traded on the gold -based stock exchange, reported that gold demand increased by 10 %last year.
