World gold prices today (January 16) increased slightly as investors increasingly searched for safe haven assets due to concerns about tensions in the Middle East and new expectations for the US Federal Reserve (Fed). ) will cut interest rates sooner than expected.
The Federal Reserve has signaled three potential interest rate cuts this year; Meanwhile, European Central Bank committee members are rejecting the idea of easing in 2024.
The ECB's hawkish stance contrasts with the Fed - which is expected to cut interest rates later this year. However, the Federal Reserve is pushing back the timing of its interest rate release. Markets see more than a 70% chance of the Fed easing monetary policy in March. Markets are pricing in six possible rate cuts this year, double what the central bank indicated last month.
The Federal Reserve has signaled three potential interest rate cuts this year; Meanwhile, European Central Bank committee members are rejecting the idea of easing in 2024.
The ECB's hawkish stance contrasts with the Fed - which is expected to cut interest rates later this year. However, the Federal Reserve is pushing back the timing of its interest rate release. Markets see more than a 70% chance of the Fed easing monetary policy in March. Markets are pricing in six possible rate cuts this year, double what the central bank indicated last month.
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