FOMC meeting preview: The Federal Reserve may “release the hawk”, gold is likely to be hit again!

Continued higher-than-expected inflation data has kept the Federal Reserve cautious, and the “gold fever” may cool down again. Powell may say this...

Golden10 DataMay 1 15:26

Total demand for gold in Q1 was the strongest in the same period in eight years WGC: these factors are playing an important role

① According to the World Gold Council report, total demand for gold in the first quarter, including OTC transactions, increased 3% year-on-year to 1,238 tons, “the strongest first quarter since 2016”; ② “Judging from their continued consumption, gold plays an important role in the reserve portfolio, and the situation remains strong for the rest of the year.”

cls.cnApr 30 17:40

Gold Price Declines on Upbeat Market Mood

Gold price has fallen almost a percentage point lower on the back of improving risk sentiment.

FXStreetApr 30 17:40

Express News | Report: Central Bank Gold Purchases and OTC Investments Have Once Again Pushed Gold Prices Stronger

BreakingsApr 30 14:15

Gold market analysis: Bank of Japan interferes with the dollar falling and gold prices are calmly awaiting important events

Wang Gang of the Guangdong branch of the Bank of China said that although it was reported on Monday that the US dollar index fell slightly due to market intervention by the Bank of Japan, the impact on gold seemed limited. Gold market participants are basically focused on waiting for the Federal Reserve's interest rate meeting on Wednesday and the non-farm payrolls report on Friday, hoping to get a glimpse into the Fed's interest rate trend. Furthermore, the strength of the non-agricultural sector on Friday, especially wage growth, will be a key influencing factor disrupting the gold trend.

FX678 FinanceApr 30 12:28

Gold market analysis: This week ushered in the Fed's decision and non-agricultural gold prices to remain stable

Wang Gang of the Guangdong branch of the Bank of China said that the US inflation data showed no signs of slowing down last Friday. Since the beginning of 2024, the PCE short-term trend favored by the Federal Reserve has been rising steadily. This triggered the market to confirm expectations that the Fed may postpone interest rate cuts until later this year, and it is expected that the Fed will show a hawkish trend at the May interest rate meeting. The Federal Reserve will announce its monetary policy decision on May 1. The market expects the Fed to keep the policy interest rate of 5.25% to 5.5% unchanged.

FX678 FinanceApr 29 11:52