Market updates and forecasts

从ForexMart获得最新经济新闻,包括金融市场,中央银行政策宣告,财务指标,和影响这个银行的其他相关新闻的更新.

免责声明:   ForexMart不提供投资建议,所提供的分析不应被解释为对未来结果的承诺。

Gold prices fell below $2,000 ahead of the Fed meeting


十二月, 13 2023
watermark Economic news

Today, gold prices continue to hold below the important $2,000 level, as investors have become more cautious about non-profitable assets before the last meeting of the US Federal Reserve System this year. The current gold price is $1993.80 per ounce. The daily low was marked at $1988. 


Recent signs of a strengthening labor market and slowing inflation in the United States have dampened expectations that the Fed will cut interest rates by the end of the year. It is expected that the regulator will leave the rate at the current level, but the forecast for 2024 remains uncertain.


The main attention of the market is focused on the comments of the head of the Fed, Jerome Powell, regarding further interest rate changes this year. Powell, although he adheres to a «hawkish» policy, acknowledged significant progress in the fight against inflation. Nevertheless, inflation in the United States remains above the Fed's target of 2% per year.


Among other metals, copper prices also continue to decline, especially due to uncertainty about copper demand in China, its main importer. Copper futures for March fell 0.4% to $3.7782 per pound.


Signals of deteriorating economic conditions in China have caused concern in the copper market, as investors fear a decline in demand. Despite promises of additional stimulus measures from Chinese officials, the market remains wary, given that Beijing is delaying the adoption of support measures this year.


反馈

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
风险提示:
外汇本质上有高度的投机性和复杂性,可能并不适合所有投资者。 外汇交易可能会带来重大的收益或损失。 因此,建议您不要承担无法承受的损失。 在使用ForexMart提供的服务之前,请确认外汇交易相关联的风险。 必要时寻求独立的财务意见。请注意,过去的业绩和预测都不是未来结果的可靠指标。
外汇本质上有高度的投机性和复杂性,可能并不适合所有投资者。 外汇交易可能会带来重大的收益或损失。 因此,建议您不要承担无法承受的损失。 在使用ForexMart提供的服务之前,请确认外汇交易相关联的风险。 必要时寻求独立的财务意见。请注意,过去的业绩和预测都不是未来结果的可靠指标。