XAU will continue to rise due to political instability
Diupdate
Gold experienced a steady rise near the weekend thanks to geopolitical tensions and weakness in the US dollar. The coordinated attack between the US and UK on the Houthi rebels in Yemen in recent days has made the market concerned that the war situation may gradually get worse.
In addition, US government bond yields have also decreased slightly over the past month as the market continues to expect the Fed will cut interest rates in the near future. According to CME Fed Watch, traders are expecting the Fed to reduce interest rates by a total of 150 bps this year with the first reduction starting in March. This has caused the 2-year US government bond to fall to 4.15 % from a multi-year record high of 5.26% in October 2023.
In addition, US government bond yields have also decreased slightly over the past month as the market continues to expect the Fed will cut interest rates in the near future. According to CME Fed Watch, traders are expecting the Fed to reduce interest rates by a total of 150 bps this year with the first reduction starting in March. This has caused the 2-year US government bond to fall to 4.15 % from a multi-year record high of 5.26% in October 2023.
Catatan
BUIY XAU 2052 - 2054TP1 : 2057
TP2 : 2063
SL: 2042
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