Gold trading strategy - gold increased sharply
This morning, world gold prices continued to decline with spot gold down 14.9 USD to 1,900.9 USD/ounce. Gold futures last traded at $1,919.80 per ounce, down $16.80 from yesterday morning. In a recent interview with Kitco, Yang said that, although gold has performed lacklusterly in the past past, but she did not see any significant changes in gold compared to the beginning of the year.
Although a resilient economy and persistently high inflation are forcing the Federal Reserve to maintain monetary policy “higher for longer,” Yang said that uncertainty remains elevated. and will leave safe haven assets like gold well supported.
“Despite what the Fed has said, it's unclear to me whether we're going to have a soft landing,” she said. Investors are in 'wait and see' mode and that's why we haven't seen any major momentum in gold yet."
Although a resilient economy and persistently high inflation are forcing the Federal Reserve to maintain monetary policy “higher for longer,” Yang said that uncertainty remains elevated. and will leave safe haven assets like gold well supported.
“Despite what the Fed has said, it's unclear to me whether we're going to have a soft landing,” she said. Investors are in 'wait and see' mode and that's why we haven't seen any major momentum in gold yet."
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