【MACRO Insight】Gold and silver have become market hotspots, with attention and supply shortages driving the momentum!
On Monday's US session, geopolitical tensions and a weak dollar propelled gold prices, breaking through the $2355 mark, with silver briefly surging by 4%. Analysts at XStreet cautioned that speeches from the Federal Reserve and US first-quarter GDP data will impact gold trading, with the market placing lower bets on Fed rate cuts, potentially exerting selling pressure on gold. Meanwhile, Indian gold imports may decline by nearly one-fifth.
2024-05-28