After 2 consecutive sessions of strong increases in world gold
In his speech in Amsterdam, US Federal Reserve Chairman Jerome Powell said that inflation is still high and the Fed will have to spend more time in this fight. He said the Fed will maintain restrictive monetary policy until inflation falls to its 2% target.
Marex analyst Edward Meir said that the fact that Fed Chairman Jerome Powell did not signal a rise in interest rates is a positive thing for gold and could help this precious metal increase further.
The weakening of the USD and Treasury yields following US producer price data in April also provided momentum for the yellow metal.
After 2 consecutive sessions of strong increases in world gold prices, gold prices today will continue to increase following the increase in world gold prices./.
Marex analyst Edward Meir said that the fact that Fed Chairman Jerome Powell did not signal a rise in interest rates is a positive thing for gold and could help this precious metal increase further.
The weakening of the USD and Treasury yields following US producer price data in April also provided momentum for the yellow metal.
After 2 consecutive sessions of strong increases in world gold prices, gold prices today will continue to increase following the increase in world gold prices./.
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