$Gold Futures(DEC4) (GCmain.US)$ All central banks selling e...
$Gold Futures(DEC4) (GCmain.US)$ All central banks selling en masse if Israel-Hamas ceasefire deal is reached this weekend. There will be no coordination so the fall will be extremely drastic and historic. ![]()
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股仙 : I believe it rising because of people anticipating Fed cut interest rates. It is no longer international tensions that affect gold prices.
104756830 OP 股仙 : Fed rate cut of 25 basis points already priced in. Remember, before Fed started increasing rates, gold was trading at $1,995 and traded between $1,700 to $1,900 for over a year.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
股仙 104756830 OP : yes, b4 gold price hiked because international tensions, but now more related to Fed rate decision.