News Formal

Gold Market Remains Steady as Investors Await Central Bank's Easing Cycle

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 10 sec. here
  • 13 min. at publisher
  • 📊 Quality Score:
  • News: 45%
  • Publisher: 78%

Finance News

Gold Market,Investor Attention,Rate Cuts

The gold market is ending the week with modest gains, it remains caught in its weeks-long channel as resistance at $2050 an ounce continues to hold. The gold market continues to attract investor attention even after imminent rate cuts were taken off the table, as the Federal Reserve has signaled that it will ease its monetary policy this year. Many analysts and economists expect the central bank to embark on its new easing cycle in June. Analysts remain bullish on gold as rates will inevitably move lower; however, according to some, gold could continue to struggle as many investors look for excitement in equity markets.

The gold market is ending the week with modest gains, it remains caught in its weeks-long channel as resistance at $2050 an ounce continues to hold. The gold market continues to attract investor attention even after imminent rate cuts were taken off the table, as the Federal Reserve has signaled that it will ease its monetary policy this year. Many analysts and economists expect the central bank to embark on its new easing cycle in June.

Analysts remain bullish on gold as rates will inevitably move lower; however, according to some, gold could continue to struggle as many investors look for excitement in equity markets

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gold market analysis for February 16 - key intra-day price entry levels for active tradersThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

USD gold market hides a massive shift: Global demand is now price-insensitiveThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Gold rises as a result of dollar weakness and market participants actively buyingThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Gold price weaker on booming U.S. stock market, China demand worriesThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Gold price weaker amid bearish outside market forcesThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »