GOLD (June 1) on track back to $2,000 on safe-haven demand
Gold market has recovered steadily from its drop on Tuesday to its lowest point in two months, as precious metals continue to outperform the general commodity index. Looking ahead to the monetary policy meeting in June, the market sees over 66% chance of a 25-point increase.
Meanwhile, interest rates are expected to drop back to 5% by the end of the year. The world is fragmented as countries develop their own domestic supply chains, which will lead to a long-term increase in commodity prices.
Inflation is expected to rise in the long term, forcing the Federal Reserve to raise its inflation target to 3% or 4%, which will have a strong impact on real interest rates and support the long-term upward trend of precious metals.
Meanwhile, interest rates are expected to drop back to 5% by the end of the year. The world is fragmented as countries develop their own domestic supply chains, which will lead to a long-term increase in commodity prices.
Inflation is expected to rise in the long term, forcing the Federal Reserve to raise its inflation target to 3% or 4%, which will have a strong impact on real interest rates and support the long-term upward trend of precious metals.
Trade active:
🟢Success strategy !!!
✅Buy order in the $1,955-$1,953 price zone when the support zone is approached.
✖️Stoploss: $1,949.
AND ALWAYS REMEMBER WHAT YOU NEED TO DO IS MANAGE RISK. GOOD LUCK !!!