Gold bullies welcome FRB chairman's remarks - record price increases continue
2024/8/26 19:37 JST (some excerpts)
Chairman Powell's speech at Jackson Hole, a milestone moment for money
Lower yields, depreciation of the dollar, and inflow of funds into ETFs are tailwinds for gold prices
The record rise in gold exceeding $2,500 per ounce is likely to continue. This is because the US Federal Reserve is preparing for interest rate cuts, factors such as falling yields have been revived, and Western investors are turning to buybacks.
Jay Hatfield, CEO of Infrastructure Capital Advisors, said, “Everyone thought the Federal Reserve would cut interest rates at the end, but now they are in line to cut interest rates.”
Chairman Powell's speech at Jackson Hole, a milestone moment for money
Lower yields, depreciation of the dollar, and inflow of funds into ETFs are tailwinds for gold prices
The record rise in gold exceeding $2,500 per ounce is likely to continue. This is because the US Federal Reserve is preparing for interest rate cuts, factors such as falling yields have been revived, and Western investors are turning to buybacks.
Jay Hatfield, CEO of Infrastructure Capital Advisors, said, “Everyone thought the Federal Reserve would cut interest rates at the end, but now they are in line to cut interest rates.”
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