logo |

News

    Home   >     Industry    >     Main body

    Express
    Previous Post： Broker Updates During Nov. 23-29 Next： A Visit to Broker Equityworld Futures in Indonesia

    ​Dovish FOMC Could Underpin Gold Prices

    WikiFX   |   2020/11/30 10:29:28
    Abstract：Last week's gold plunged $84.71, down 4.5%. The dovish Federal Open Market Committee's (FOMC) could underpin gold prices in the coming weeks, despite gold's recent setbacks.

    　　WikiFX News (30 Nov.) - Last week's gold plunged $84.71, down 4.5%. The dovish Federal Open Market Committee's (FOMC) could underpin gold prices in the coming weeks, despite gold's recent setbacks.

    　　Since the global economy is expected to recover on Covid-19 vaccines, investors are betting that global trade will stabilize after Biden comes to power, which will boost the US stock markets but put pressure on gold.

    　　However, gold's downside correction could prove short-lived given the Fed suggesting the provision of additional monetary stimulus is on the table.

    　　The minutes from the FOMC's November meeting showed that “many participants judged that the Committee might want to enhance its guidance for asset purchases fairly soon.”

    　　Considering Treasury Secretary Steven Mnuchin has refused to extend the Fed's lending facilities, in tandem with initial jobless claims spiking to five-week highs, the Fed may face pressure to take further action. Strong support for gold will be on the cards if the Fed signals more bond purchases at its upcoming meeting in December.

    　　All the above is provided by WikiFX, a platform world-renowned for forex information. For details, please download the WikiFX App: bit.ly/wikifxIN

    分析-11.30.png

    　　Chart: Gold Trend

    Latest News

    Rate Calc

    United Arab Emirates Dirham

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  ：
    --
    Amount
    United Arab Emirates Dirham
    Available
    -- United States Dollar

    You may also like

    Select Country/Region

    About Us| Risk Warning| Terms of Use| Privacy Policy| Search call| Official Verification

    You are visiting the website of WikiFX. In addition, its website and mobile product—WikiFX, is a global inquiry tool for enterprise profile that is operated by Wiki Co., LIMITED (Registration No.2806237) based in Hong Kong Special Administrative Region of China. Users should comply with the law of their countries/regions.

    Feedback WeChat:fxeye005, fxeye003

    Customer Service Phone Number：（中）4006888219;（En）+86 17126630052;（HK）+00852 54200870

    Copyright©2021 Cipher Group Limited All rights reserved.

    License or other information error correction, please send the information to:QA@wikifx.com;

    Cooperation:AD@wikifx.com

    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.