Gold Scales 2-week High as Fed Nods to Likely Sept Rate Cut
Gold Scales 2-week High as Fed Nods to Likely Sept Rate Cut
Gold bulls couldn't resist the urge to buy more gold after the Fed effectively signalled the beginning of its rate-cut cycle. But gold bugs may want to warrant some caution above $2,500, given gold's reluctance to hold on to gains around these levels," City Index senior analyst Matt Simpson said.Gold prices climbed to a two-week high on Thursday as U.S. Federal Reserve Chair Jerome Powell opened the door to cutting interest rates as early as September.
週四，隨着聯儲局主席傑羅姆·鮑威爾開門迎接利率期貨，黃金價格攀升至兩週高點。
Spot gold was steady at $2,448.38 per ounce, as of 0217 GMT, after hitting its highest level since July 18 earlier in the session. Prices were just about $35 shy of the record high of $2483.60 scaled on July 17.
截至0217GMt，現貨黃金價格穩定在每盎司2,448.38美元，此前已創下7月18日以來的最高水平。價格距離7月17日錄得的創紀錄高點2,483.60美元僅缺35美元左右。
U.S. gold futures firmed 0.8% to $2,492.50.
美國黃金期貨上漲0.8%，至2,492.50美元。
Gold bulls couldn't resist the urge to buy more gold after the Fed effectively signalled the beginning of its rate-cut cycle. But gold bugs may want to warrant some caution above $2,500, given gold's reluctance to hold on to gains around these levels," City Index senior analyst Matt Simpson said.
“Fed有效地暗示了其減息週期的開始，黃金看多派在經歷這一刺激後無法抵禦再次購買黃金的衝動。但考慮到黃金在2,500美元上方不願意保持收益，黃金投資者可能需要保持一些謹慎。” City Index首席分析師馬特·辛普森說。
Fed Chair Jerome Powell said on Wednesday rates could be cut as soon as September if the U.S. economy follows its expected path, putting the central bank near the end of a more than two-year battle against inflation but square in the middle of the nation's presidential election campaign.
聯儲局主席鮑威爾週三表示，如果美國經濟按預期走勢，9月份可能會再次減息，這將使美國央行結束對抗通脹的兩年多鬥爭，但正好趕上全美總統選舉。
Zero-yield gold tends to thrive in a low interest rate environment.
零收益的黃金往往在低利率環境中蓬勃發展。
Market focus shifts to Friday's U.S. payrolls report.
市場關注重心轉向週五的美國就業報告。
If the data comes in much hotter than expected, that could dent gold as we head towards the weekend," Simpson added.
“如果數據遠高於預期，則可能會在週末前壓制黃金。”辛普森補充道。
Elsewhere, Hamas leader Ismail Haniyeh was assassinated in the Iranian capital Tehran early on Wednesday morning, an attack that drew threats of revenge on Israel and fuelled further concerns that the conflict in Gaza was turning into a wider Middle East war.
另外，哈馬斯領袖伊斯梅爾·哈尼亞在週三早上被暗殺於伊朗首都德黑蘭，這次襲擊引發對以色列復仇的威脅，進一步引發對加沙衝突演變成更廣泛的中東戰爭的擔憂。
Geopolitics is increasingly more supportive for gold in the medium and long term, said Nicky Shiels, head of metals strategy at MKS PAMP SA in a note.
MKS PAMP SA的金屬策略主管尼基·希爾斯在一份報告中表示，地緣政治對黃金的中長期支持越來越多。
Spot silver fell 0.3% to $28.94 per ounce, platinum lost 0.3% to $973.65 and palladium was flat at $925.16.
現貨白銀下跌0.3%，至每盎司28.94美元，白金跌0.3%，至每盎司973.65美元，鈀金持平，至每盎司925.16美元。
