Gold looks 'very vulnerable' to a setback, veteran advisor says, after prices hit record high
Publishing timestamp: 2024-04-08 08:47:29
Summary
Gold prices hit another all-time high amid robust U.S. economic data and geopolitical tensions. Some believe the strength in gold prices will continue, while others are skeptical. Factors such as central bank buying and correlation with bitcoin are influencing the market. Analysts are closely monitoring Fed officials' comments on expected rate cuts. Silver prices are also expected to outshine gold in the second half of the year.
Sentiment: MIXED
Tickers: XAU=,
Keywords: markets, central banking, gold / us dollar spot, interest rates, business news, federal reserve bank, breaking news: markets,
Source: https://www.cnbc.com/2024/04/08/gold-prices-look-very-vulnerable-to-a-setback-strategist-says.html