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.
場外式黃金/白銀交易由 Max Online 提供。場外式黃金/白銀交易涉及高度風險,未必適合所有投資者。高度的槓桿可為閣下帶來負面或正面的影響。場外式黃金/白銀並非受證券及期貨事務監察委員會(「證監會」)監管,因此買賣場外式黃金/白銀將不會受到證監會所頒布的規則或規例所約束,包括(但不限於)客戶款項規則。閣下在決定買賣場外式黃金/白銀之前應審慎考慮自己的投資目標、交易經驗以及風險接受程度。可能出現的情況包括蒙受部分或全部初始投資額的損失,或在極端情況下(例如相關市場跳空)產生更多的損失。因此,閣下不應將無法承受損失的資金用於投資。投資應知悉買賣場外式黃金/白銀有關的一切風險,如有需要,請向獨立財務顧問尋求意見。