GOLD: The Uncertainty may still Reshape the Global Asset Landscape
Hello everyone! Today i want to share some macro analysis with you!
$Gold - main 2604(GCmain)$The gold market is currently experiencing a dramatic tug-of-war: on one hand, there's a safe-haven rush fueled by the ongoing conflict in the Middle East; on the other, there's the dual pressure of a soaring dollar and the resurgence of inflation.
On Wednesday (March 11), spot gold closed at $5,176 per ounce, a slight daily decline of 0.3%, while US April gold futures plunged 1.2% to $5,179.10.
In early Asian trading on Thursday (March 12), spot gold fluctuated upwards, currently trading around $5,163 per ounce. In just a few days, the price volatility has narrowed dramatically, as if the market is holding its breath under the dual pressures of war and interest rates.
However, behind this seemingly calm correction lies a massive uncertainty that could reshape the global asset landscape. $XAU/USD(XAUUSD.FOREX)$
For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.
🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now
Find out more here.
Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.
Other helpful links:
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
