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Gold soared in March! The market in April is bound to rise and fall suddenly - grasp the secret of international gold price fluctuations!

2023-04-04
1420

As the Federal Reserve becomes more dovish after the banking problems and U.S. yields fall, international gold prices are expected to be easy to rise but hard to fall.

COMEX gold speculators increased their net long position by 23,360 lots to 130,314 lots in the week ended March 28; gold was well supported by U.S. recession fears, easing inflationary pressures and a more dovish monetary policy.


After failing to see sustained strong data in the current job market, we are more inclined to predict that the pace of interest rate hikes by the Federal Reserve will continue to slow down; the anxiety and long-term nature of the Russia-Ukraine war will keep the macro background support, so any price drop should be short-lived, prompting speculative and protective buying. The gold price target at the end of the year is set at 2000-2200 US dollars.


Going into the second quarter of 2023, gold prices are once again gaining traction as the banking crisis in major dollar economies Europe and the United States continues to simmer. The risk of contagion fears in the financial market has driven the bulls on the safe-haven appeal of gold. Although it will gradually dissipate in the short term, it may shine again in the foreseeable second half of the year.

The platform provides a variety of safe-haven and non-safety currency products such as gold, euro, British pound, Australian dollar, Japanese yen, and Swiss franc, allowing you to participate in investment and transactions anytime, anywhere without barriers.

The platform is a foreign exchange broker under the compound supervision of several authoritative organizations, providing low commission, low price difference, as low as 100 US dollars for the first account deposit, you can trade as many as 300 kinds of foreign currencies, commodities, Stocks, derivatives and indices, such as foreign exchange, gold, crude oil, virtual currency, US stock derivatives, etc.

The transaction fees and details of all products can be checked in the transaction record. The background of the APP can monitor the profit and loss changes of positions and set stop-profit and stop-loss for 24 hours.

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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