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Musk: Teslas electric semi-truck will begin mass production this year.February 9th - Goldman Sachs trading arm stated that after a rebound in U.S. stocks last Friday, almost recovering the weeks brutal losses, this week will face further selling pressure from trend-following algorithmic funds. The S&P 500 has broken through a short-term trigger point, prompting commodity trading advisors (CTAs) to sell stocks. Goldman Sachs expects these systematic strategies, which track stock market movements rather than fundamental factors, to remain net sellers in the coming week, regardless of market direction. Goldman Sachs stated that if the stock market falls again, it could trigger approximately $33 billion in selling this week. If market pressure persists and the S&P 500 falls below 6707 points, there could be as much as $80 billion in systemic selling over the next month. In a stable market environment, CTAs are expected to sell approximately $15.4 billion in U.S. stocks this week, and even if the stock market rises, these funds are still expected to sell approximately $8.7 billion.February 9th - Goldman Sachs trading arm stated that after a rebound in U.S. stocks last Friday, almost recovering the weeks brutal losses, this week will face further selling pressure from trend-following algorithmic funds. The S&P 500 has broken through a short-term trigger point, prompting commodity trading advisors (CTAs) to sell stocks. Goldman Sachs expects these systematic strategies, which track stock market movements rather than fundamental factors, to remain net sellers in the coming week, regardless of market direction. Goldman Sachs stated that if the stock market falls again, it could trigger approximately $33 billion in selling this week. If market pressure persists and the S&P 500 falls below 6707 points, there could be as much as $80 billion in systemic selling over the next month. In a stable market environment, CTAs are expected to sell approximately $15.4 billion in U.S. stocks this week, and even if the stock market rises, these funds are still expected to sell approximately $8.7 billion.US President Trump: The US election is full of fraud and theft, and has become a laughing stock around the world.Market news: Multiple explosions were heard in Kyiv, the capital of Ukraine.

Forecast for the Gold Price: XAU/USD extends Fed-inspired rebound from $1,960 on yield softening

Daniel Rogers

Mar 23, 2023 14:52

截屏2022-06-07 下午5.14.22.png 

 

Gold price (XAU/USD) anticipates a rematch with the $2,000 threshold by extending Federal Reserve (Fed)-induced gains amid declining US Treasury bond yields and the U.S. dollar. Notably, despite US Treasury Secretary Janet Yellen's rejection of "blanket insurance" for deposits, fading concerns of a banking crisis appear to be propelling XAU/USD prices as of late.

 

Nevertheless, the Fed delivered 25 basis points (bps) of a rate hike, but the Rate Statement and dot-plot raised concerns of future dovish moves, which in turn weighed down the US Dollar, despite the fact that Fed Chair Powell ruled out demands for a rate cut in 2023. Aside from this, US stock futures and Asia-Pacific equities post modest gains as China-related optimism combines with declining yields.

 

In the future, second-tier statistics and monetary policy moves of the Bank of England (BoE) and Swiss National Bank (SNB) may be of interest to Gold traders as proponents anticipate more dovish rate increases in light of the impending banking crisis.


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