Tiger'sRichesRumble| Gold prices fluctuated upwards: London spot rose 9.28% monthly

News summary

Recent fluctuations in the gold market have intensifiedTiger'sRichesRumbleIn March, the current price of London gold rose by 9% monthlyTiger'sRichesRumble.28%, down 4.43% in seven trading days in late April. Analysts pointed out that the U.S. economic data is mixed, and the change in expectations of the Federal Reserve's interest rate cut is the main reason for the sharp fluctuations in gold prices.

Newsletter text

[International gold prices fluctuate, and the game between bulls and bears is fierce] Recently, the price of gold has experienced violent fluctuations. The international spot gold price has risen rapidly since mid-March, with a monthly increase of 9.28%. However, at the end of April, 7 trading days turned sharply, with a decline of 4.43%. Liu Siyuan, chief analyst of Lingxiu Finance, explained that the market's differences about the future have become increasingly significant, which has intensified the volatility of gold prices. The unstable economic and employment data in the United States has made the Federal Reserve's stance on interest rate cuts more cautious. Expectations of interest rate cuts continue to be postponed, while short-term gold bulls continue to push up the price of gold due to expectations of interest rate cuts, overdrawing future gains. When U.S. economic data is not conducive to interest rate cuts, bulls will quickly cash in and leave the market, causing the price of gold to swing violently.