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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