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【Galaxy Securities: The Pace Of The Fed'S Interest Rate Cuts Will Slow Down, And Metal Prices Will Be Under Pressure In The Short Term】China Galaxy Securities Said That The Hawkish Signal Given By The Federal Reserve About The Pace Of Subsequent Interest Rate Cuts Led To A Marked Recovery In US Bond Yields And The US Dollar Index, And A Correction In Gold Prices. We Believe That The Impact Of Trump'S Policy On America'S Future Inflation Prospects And The Pace Of Interest Rate Cuts By The Federal Reserve Has Been Fully Reflected In The Guidelines Given By The Federal Reserve. Currently, The Market'S Expectations For The Fed To Cut Interest Rates Next Year Have Also Reached A Low Level. However, The Federal Reserve'S Hawkish Guidance Is More About Managing Expectations Under The Influence Of Trump'S Policy Uncertainty. With Recent US Pce And Other Inflation Data Falling Short Of Expectations, The Fed'S Policy Interest Rate Is Likely To Decline. Federal Reserve Official Chicago Federal Reserve President Gules Said That Despite The Fed'S Cautious Stance, Interest Rates Are Still Likely To Fall Next Year, Which Will Encourage Global Gold ETF Funds To Continue To Increase Their Gold Holdings And Drive Up The Price Of Gold. Furthermore, Trump Called On The US Congress This Week To Lift The US Government'S Debt Ceiling. Combined With Trump'S Tax Reduction Policy Plan, The US Government'S Debt Size And Deficit May Expand At An Accelerated Pace In The Future, Thus Triggering Credit Depreciation Hedging Transactions To Stimulate A Rise In Gold Prices

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