Confirming you are not from the U.S. or the Philippines

Bằng cách đưa ra quyết định này, tôi tuyên bố rõ ràng và xác nhận rằng:
  • Tôi không phải là công dân hoặc cư dân Hoa Kỳ
  • Tôi không phải là cư dân của Philippines
  • Tôi không trực tiếp hoặc gián tiếp sở hữu hơn 10% cổ phần/quyền biểu quyết/lợi ích của cư dân Hoa Kỳ và/hoặc không kiểm soát công dân hoặc cư dân Hoa Kỳ bằng các phương thức khác
  • Tôi không thuộc quyền sở hữu trực tiếp hoặc gián tiếp hơn 10% cổ phần/quyền biểu quyết/lợi ích và/hoặc dưới sự kiểm soát của công dân hoặc cư dân Hoa Kỳ được thực hiện bằng các phương thức khác
  • Tôi không liên kết với công dân hoặc cư dân Hoa Kỳ theo Mục 1504(a) của FATCA
  • Tôi nhận thức được trách nhiệm của mình khi khai báo gian dối.
Theo mục đích của tuyên bố này, tất cả các quốc gia và vùng lãnh thổ phụ thuộc của Hoa Kỳ đều ngang bằng với lãnh thổ chính của Hoa Kỳ. Tôi cam kết bảo vệ và giữ cho Octa Markets Incorporated, giám đốc và cán bộ của công ty vô hại chống lại bất kỳ khiếu nại nào phát sinh từ hoặc liên quan đến bất kỳ hành vi vi phạm tuyên bố nào của tôi bằng văn bản này.
Chúng tôi trú trọng quyền riêng tư và bảo mật thông tin cá nhân của bạn. Chúng tôi chỉ thu thập email để cung cấp các ưu đãi đặc biệt và thông tin quan trọng về sản phẩm và dịch vụ của chúng tôi. Bằng cách gửi địa chỉ email của bạn, bạn đồng ý nhận những bức thư như vậy từ chúng tôi. Nếu bạn muốn hủy đăng ký hoặc có bất kỳ câu hỏi hoặc thắc mắc nào, hãy viết thư cho Hỗ trợ Khách hàng của chúng tôi.
Back

Gold price explores past $3,400 as Trump-Powell clash sparks Fed independence fears

  • Gold hits fresh all-time high as Trump attacks Powell, calling him “a major loser” for delaying rate cuts.
  • DXY plunges to 97.92 as Fed independence is questioned and stagflation risks remain in focus.
  • Traders brace for key Fed speeches this week from Jefferson, Harker, and Kashkari amid growing policy uncertainty.

Gold price begins the week on a higher note, gaining over 2.56% and refreshing a previous record high as the precious metal hits $3,430 on uncertainty about comments that threat to curtail the Federal Reserve’s (Fed) independence. At the time of writing,  XAU/USD trades at $3,419 after hitting a daily low of $3,329.

Demand for bullion has increased as United States (US) President Donald Trump continues to exert pressure on the Fed. Fed Chair Jerome Powell called him a “major loser” and said he is always too late to reduce borrowing costs.

Last week, Powell said the US central bank is in wait-and-see mode and even flagged the chance of a stagflationary scenario, acknowledging, “We may find ourselves in the challenging scenario in which our dual-mandate goals are in tension.”

Growing tensions between Trump and Powell, along with controversial trade policies, weighed on the Greenback, which, according to the US Dollar Index (DXY), has fallen to three-year lows of 97.92.

Data-wise, the US economic docket is absent, though it would gather traction mainly supported by Fed speakers. Vice-Chair Philip Jefferson, Philadelphia Fed Patrick Harker, and Minneapolis Neel Kashkari are all set to deliver remarks on Tuesday.

Daily digest market movers: Gold price soars to record high amid high US yields

  • The US 10-year Treasury yield rises four basis points to 4.373% yet fails to cap Bullion prices.
  • US real yields followed suit, climbing three and a half bps to 2.14%, as shown by the US 10-year Treasury Inflation-Protected Securities yields
  • In rates markets, money market traders have priced in 94.5 basis points of Fed rate cuts by the end of 2025, with the first cut expected in July.
  • Data-wise, this week the US economic docket will be packed by a flurry of Fed speakers, S&P Global Flash PMIs, Durable Goods Orders and the University of Michigan Consumer Sentiment final reading.

XAU/USD technical outlook: Gold price poised to challenge $3,450 in the near term

The uptrend in Gold prices remains in play, even with the chance of testing the $3,500  level touted by Citi to be reached in the next three months. The Relative Strength Index (RSI) turned overbought, an indication that the precious metal could be set for a pullback, but a breach of the latest peak suggests that bulls could reach $3,450 in the near term.

Conversely, if XAU/USD tumbles below $3,400, the first support would be the April 17 high of $3,357, followed by $3,300.

Gold FAQs

Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

USD/CAD price analysis: Dollar dips as political pressure mounts on the Fed

The USD/CAD pair continues to drift lower on Monday, trading near the 1.3800 level as the US Dollar remains on the defensive following a wave of political headlines.
Đọc thêm Previous

US Dollar collapses to fresh three-year lows as Fed independence questioned

The US Dollar Index (DXY) trades deep in the red on Monday, sliding toward the 98.50 region and marking a new three-year low.
Đọc thêm Next