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The Fed may enter a rate cut cycle to push the "gold fever" to continue to heat up
Jun 21,2019 10:30CST
translation
Source:SMM
The Fed's meeting on Wednesday shifted interest rates toward rate cuts, suggesting that the Fed is about to enter a rate cut cycle, potentially driving the world into a wave of rate cuts, which has led to a recent "gold fever". Gold prices rose to $1394.11 an ounce on Thursday, the highest level since 2013. Analysts say they expect gold to stay between $1500 and $1600 an ounce over the next 12 months.
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SMM6, 21 March: the Fed's meeting on Wednesday shifted interest rates to a cut in interest rates, suggesting that the Fed is about to enter a rate cut cycle, which could lead to a wave of rate cuts around the world, leading to a recent "gold fever" that has risen to $1394.11 an ounce on Thursday, the highest level since 2013.

The recent surge in gold is the result of a combination of factors: loose monetary policy, the weakness of the dollar, geopolitical tensions and so on. Together, these factors have led to the further fermentation of the "gold fever".

Analysts say they expect gold to stay between $1500 and $1600 an ounce over the next 12 months.

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