international yellowgold priceIn early trading in New York on the 21st, gold returned to the $2,000 level, which is the highest in the U.S. The stock rose to its highest level in nearly three weeks on expectations.fed(The Fed) will no longer raise interest rates, and the dollar exchange rate continues to fall, leading to increased buying in the gold price. In the meantime,investPeople are waiting for the minutes of the Fed’s latest meeting to be released later to predict the next policy direction.
Spot gold prices rose 1.1% to US$2,000.26 an ounce in early trade, returning above US$2,000 for the first time since November 3. Futures gold prices also rose more than 1%, crossing the US$2,000 mark.
Kinesis Money analyst Carlo Alberto De Casa noted that external predictions of the Federal Reserve’s dovish bias in 2024 have led to a decline in the dollar and a rise in gold prices.
The US dollar weakened for the fourth consecutive day, in early trading on the 21st the DXY US dollar index fell 0.2% to 103.2, the lowest level in two and a half months. A weaker dollar makes gold more accessible to holders of other currencies. As an indicator, the U.S. The 10-year Treasury bond yield was 4.409% in early trading on the 21st, falling to a two-month low.
Investors’ focus is currently on the minutes of the latest Federal Reserve meeting. Slow domestic inflation in the United States has raised expectations that the central bank will no longer raise interest rates.