The Fed’s Easing Policy Stance Brings Support to Gold Prices
Fed Chairman Powell and the Federal Open Market Committee (FOMC) both issued speeches through resolutions, which gave the gold price short-term support. Currently, it is waiting to break-through the US$1780 mark. Powell spoke after the Fed kept its monetary policy unchanged and underestimated the inflation rate, emphasizing that an outstanding jobs report does not imply a reduction in stimulus. As gold is welcoming the bulls, it continues to suffer from the widespread impact of the pandemic on the Asian countries and the continued imbalance of vaccination in Western countries, adding to the burden on the gold market. As of 08:23 Hong Kong time, the price of gold rose 0.21% to 1,785.20 US dollars.
After the interest rate meeting, the U.S. Federal Reserve announced that it will maintain interest rates and the monthly bond purchase scale at US$120 billion, which was in line with market expectations. The interest rate statement stated that the US economic activity and employment have increased, and the rise in inflation is largely affected by temporary factors. It emphasizes that the economic outlook is still at risk, and the Fed reiterated that it will use all tools to support the economy. In addition, it also pointed out that economic development largely depends on the progress of the Covid-19 pandemic. Once the risk recurs, the bureau will make preparations for monetary policy adjustments.
场外式黄金/白银交易由 Max Online 提供。 场外式黄金/白银交易涉及高度风险，未必适合所有投资者。 高度的杠杆可为阁下带来负面或正面的影响。 场外式黄金/白银并非受证券及期货事务监察委员会（「证监会」）监管，因此买卖场外式黄金/白银将不会受到证监会所颁布的规则或规例所约束，包括（但不限于）客户 款项规则。 阁下在决定买卖场外式黄金/白银之前应审慎考虑自己的投资目标、交易经验以及风险接受程度。 可能出现的情况包括蒙受部分或全部初始投资额的损失，或在极端情况下（例如相关市场跳空）产生更多的损失。 因此，阁下不应将无法承受损失的资金用于投资。 投资应知悉买卖场外式黄金/白银有关的一切风险，如有需要，请向独立财务顾问寻求意见。