Over the past time, precious metals have been strongly influenced by the positive monetary policy stance of the US Federal Reserve (FED) and positive economic data. While the Fed believes that inflation will be difficult to return to target before 2025 and interest rates must be kept higher for a longer period, said Nitesh Shah, Head of Commodities and Macroeconomics at WisdomTree - assumes that Phat has been vetted and that the risk of Recession is still increasing.
The WGC report shows that increased gold demand from China is playing an important role in the global gold market. Demand for hidden gold and coins in China totaled 49.3 tonnes, up 32 percent from five grams. Global demand increased 6% to 277.5 tons.
The WGC report shows that increased gold demand from China is playing an important role in the global gold market. Demand for hidden gold and coins in China totaled 49.3 tonnes, up 32 percent from five grams. Global demand increased 6% to 277.5 tons.
Comment:
RUNNING +20PIPS ✔️✔️
✔️ TP1: 1947
✔️ TP2: 1942
✔️ TP3: 1935
❌ SL: 1962