mooncresta| Gold price rise is blocked: UBS expects delay in Fed interest rate cuts, personal consumption expenditure index becomes focus

News summary

On the eve of the US inflation reportmooncresta, gold prices rose slightly, and the market expects that the Federal Reserve's interest rate cut may be delayed. Analysts predict that gold prices will fluctuate and may hit a new high at the end of the year. Silver outperforms gold, and this year's trend is promising.

Newsletter text

Gold prices rose slightly on Monday as investors focused on inflation indicators. Although the market cut interest rates for the United StatesmooncrestaExpectations have cooled somewhat, but gold prices still rose slightly at the beginning of the week. Analyst Giovanni Staunovo pointed out that tough remarks from Fed officials and unexpected performance of U.S. economic data have put pressure on gold prices, causing investors to postpone expectations of a Fed rate cut. For now, investors are focused on the upcoming release on Friday of the personal consumption expenditure price index, the Federal Reserve's key measure of inflation.

UBS analyst Giovanni Staunovo predicts that gold prices will continue to fluctuate. Although the rebound is limited, it is expected that gold prices will have the opportunity to hit new historical highs during the year. At the same time, silver is outperforming gold, and this trend is expected to continue. Market focus remains on upcoming economic indicators, especially U.S. inflation data to be released on Friday, which will have a significant impact on the future outlook of the gold and silver markets.