Gold is soaring

As of 2024/3/1goldWhat is the futures price$2094.25(current value). If the price is maintained as it is, it will be on a closing price basisThe highest value in historyIt is.

India Stock IndexNifty50Is22338.75 rupeesPut onThe highest value in historyIt is being updated.

Crude oil futures WTIIs the high price since 2023/11/6 last year on a closing price basis$80.03I'm wearing it.

Above all, the rise is remarkablegold priceI'm paying attention to it.

whygoldhas it skyrocketed? There are several possible reasons.

① US announced on 2024/3/8unemployment rateThe gold market anticipates that it will deteriorate.

②US 10-year bond yieldIt is predicted that interest rate cuts in policy interest rates are imminent in response to the decline.

③Inflation has subsidedSince it is progressing smoothly, expectations for interest rate cuts have increased, and they are buying money.

④geopolitical riskThe rise of

⑤ Various countriescentral bankThere is a possibility that the increase in gold purchases is accelerating

FRBSince they have shown a cautious stance, I think interest rate cuts will be carried out in the second half of the year.

What is the central bank of the United StatesInflation reignitedThe market is not as optimistic as they think because they don't like it.

It is difficult (difficult) to say that it is wise to buy money in anticipation of interest rate cuts under the current circumstances.

US 10-year bond yieldBecause of the decline ingoldIf they are being bought, I can be convinced.

Long term interest ratesThe decline will cause mortgage interest rates to fall. Housing purchases are becoming more active and reluctant to declineCPIIt has the effect of lowering.

CPIIf it goes downInterest rate cutsExpectations are raised. Use this as an ingredientgoldThere is a possibility that they have been bought.

When the dollar appreciates, it is difficult for gold to rise, and it tends to fall easily. There is a good reason why they say it still won't go down.