الأسطورة فى فريق إنستافوركس!
الأسطورة! هل تعتقد أن هذا هو الخطاب المنمق؟ ولكن كيف ينبغي أن نطلق على الرجل، الذي أصبح أول آسيوي يفوز ببطولة العالم للشطرنج للشباب بعمر 18 سنة والذي أصبح أول أستاذ كبير هندي في سن 19؟ وكانت هذه بداية طريق صعب إلى لقب بطل العالم لـ فيسواناثان أناند، الرجل الذي أصبح جزءًا من تاريخ الشطرنج إلى الأبد. والآن أسطورة آخر في فريق إنستافوركس!
يعتبر بوروسيا دورتموند أحد أكثر أندية كرة القدم حصولاً على الألقاب في ألمانيا، وقد أثبت ذلك مرارًا وتكرارًا للجماهير: فإنّ روح المنافسة والقيادة ستؤدي بالتأكيد إلى النجاح. قم بالتداول بنفس الطريقة التي يلعب بها المحترفون الرياضيون اللعبة: بثقة ونشاط. احتفظ بـ "ترخيص دخول" من نادي بوروسيا دورتموند لكرة القدم وكن في الصدارة مع إنستافوركس!
Gold started 2024 not in the best of spirits. Despite the rise in geopolitical tensions in the Middle East, the precious metal lost about 2% of its value since the beginning of January. Yet, Goldman Sachs clients cite geopolitics and the U.S. presidential election as the main risks for the markets in the new year, surpassing the inflation and recession that dominated in previous years.
Main risks for the markets in 2024
In fact, gold continues to show increased sensitivity to the Federal Reserve's monetary policy. The decrease in the likelihood of a 25 basis points cut in the federal funds rate at the March FOMC meeting from 80% to 52% was a catalyst not only for the strengthening of the U.S. dollar but also for the fall in XAU/USD quotes.
According to CME Group research, the precious metal reacts to the expected short-term market rate over two years. From October 2018 to June 2020, futures transitioned from pricing it at 3% to almost zero, allowing gold to rise from $1,200 to $2,080 per ounce, i.e., by 73%. However, in 2021–2022, the rate increased from zero to 4.5%, which was bad news for the precious metal. Currently, it is falling again, allowing us to talk about bullish prospects for XAU/USD.
Dynamics of gold's correlation with the expected Fed rate
On the other hand, CME Group notes that the quotes already incorporate a 200 basis points reduction in the federal funds rate in 2024–2025. Therefore, to continue the rally, gold will likely need a borrowing cost drop to 3% by the middle of next year. Judging by JP Morgan's optimistic forecasts of the precious metal soaring to $2,175 per ounce in the fourth quarter and up to $2,300 per ounce in the third quarter of 2025, the bank believes in this. But it may be in vain.
The Fed may not weaken monetary policy so aggressively. Strong labor markets and the U.S. economy, on one hand, and the resumption of supply disruptions due to geopolitical conflicts, on the other, risk reversing deflationary processes. High inflation may return, and the Fed's work to reduce it will be in vain. The best option is to sit on the sidelines and observe, at least until June. In such a scenario, gold will continue to be under pressure.
What could help it is only a deterioration in the macro statistics for the States. Not wanting to allow a recession, the Fed may start reducing rates in advance. For example, former St. Louis Fed President James Bullard believes the Fed will loosen monetary policy even before the PCE drops to the 2% target. He argues that delaying the pause might necessitate a sudden 50 basis points rate hike, signaling serious problems in the U.S. economy.
Technically, a triangle formed on the daily chart of the precious metal following the 1-2-3 post pattern. The spring is compressed, and the shot is about to happen. Therefore, it makes sense to place pending orders for buying at $2,040 per ounce and selling at $2,012 per ounce.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
