Powell's final speech was hawkish. Therefore, investors are currently "afraid" of his statements. Although other Fed officials have expressed a “dovish and delayed interest rate” attitude,
Gold prices are currently being supported by other factors, so in this case, even if Powell still makes some "hawkish" comments, this may not have a huge impact on gold prices.
the reason is:
a. US Treasury yields are now soaring again. "Strong U.S. Treasury yields already reflect rising interest rates," multiple Fed officials previously said.
b. Many other Fed officials have hinted at the rhetoric and attitude of "pausing or not raising interest rates."
c) Geopolitical factors in the Middle East are still gradually fermenting in the market, risk aversion is still high
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Last updated: 10/19/2023 05:17
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