The prospect of higher-for-longer rates is a headwind for gold, but the markets still think cuts will come, and that’s supportive
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The prospect of higher-for-longer rates is a headwind for gold, but the markets still think cuts will come, and that’s supportive
from DailyFX – Market News https://ift.tt/D1beVQp
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The latest UK S&P PMIs suggest that the economy is growing by 0.2-0.3% in Q1 2024, confirming the BoE’s view that the UK’s recession is likely to be short-lived.
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Thursday’s PMI data was always going to be scrutinized after the Bundesbank signalled the likelihood of a German recession. Forward-looking metrics disappointed
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Conflict in Ukraine and Gaza have clouded oil supply prospects but demand is in focus at the moment thanks to higher interest rates and China’s economic woes.
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The Fed minutes showed that most officials are wary of cutting interest rates quickly and want to see additional evidence of persistent disinflation before pulling the trigger. This policy stance could benefit the U.S. dollar for now.
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