Hopes of US rate cuts alone are unlikely to have driven latest leg higher, say strategists
The price of gold has surged 7 per cent in just over a week to hit record highs, leaving longtime market watchers struggling to explain what has been one of the yellow metal’s most curious rallies. The sudden price move has lifted the haven asset above its previous peak reached in December to hit nearly $2,195 per troy ounce on Friday, according to LSEG data.
But Rhona O’Connell, analyst at commodities brokerage StoneX, said plenty of factors could justify a high gold price, such as China recently toughening its rhetoric on Taiwan, simmering banking tensions in the US and the elections coming in a number of countries this year. But she said none of those factors was behind last week’s move, and instead pointed to momentum traders — computer funds that latch on to rising prices — piling in after gold broke through a key price level.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
‘One is one too many’: Skegness MP hopes to shut down last asylum seeker hotelLincoln and Greater Lincolnshire news
続きを読む »
Premier League: Haaland winner boosts Man City title hopesFollow live text updates as Manchester City beat Brentford in the Premier League.
続きを読む »
England hopes fading after India fightbackEngland's hopes of forcing a series decider fade dramatically in the face of a stirring India fightback on day three of the fourth Test.
続きを読む »
Shrewsbury salon closes 'with heavy heart' but high hopes for new businessShrewsbury beauticians, who have been forced to close the doors to their salon due to rising costs, are set to rebrand and relocate to make the business more cost effective.
続きを読む »
Gareth Taylor: Man City boss hopes to trump Emma Hayes' Chelsea in tight WSL title raceManchester City are the form team heading into the WSL run-in and manager Gareth Taylor holds hopes of beating closest rivals Chelsea to his first league title.
続きを読む »
Liverpool’s minute of mayhem: ‘Karma’, Van Dijk the cameraman and title hopes ignitedDeconstructing the glorious chaos of Darwin Nunez's last-gasp winner – and the celebrations that followed
続きを読む »