The market in 2024 is in the spotlight, and investors are looking forward to the future as various economic data and policy signals are transmitted. Under the influence of weak US PCE inflation data, ** continued the daily trend, rising to a new multi-week high intraday. With the yield on the benchmark 10-year Treasury note holding in negative territory, bullish momentum has been accumulated. ANZ's 12-month hike from $2,150 to $2,200 an ounce also signals optimism in the market.
Jiasheng According to the receipt of spot ** and ***, ** in 2052$96 oz to 2069The $10 ounce fluctuates, showing the activity of the market and the interest of investors. At the same time, the lower-than-expected data for the November core personal consumption expenditures (PCE)** index report also became an important factor in driving the report. This data was much lower than expected, making investors' expectations of a possible rate cut by the Fed even stronger.
Against this background, analysts expressed a bullish view on the future direction. Carlo Alberto de Casa, market analyst at Kinesis Money, believes that the main trend remains positive, bullish on gold to hit $2,130 again in the medium term. ANZ strategists also pointed out that 2024** will benefit from loose monetary policy, rising geopolitical risks, and strong central bank purchases, which will provide good support for the market.
However, in addition to macroeconomic factors, rising geopolitical risks and weak investment demand will also have an impact on the market. In **, investors have the opportunity to increase *** and for *** there are also different voices, from $2150 to $2200 an ounce.
Among Fed policymakers' expectations for future rate cuts, investors are also more consistent in their expectations that the Fed may announce its first rate cut in March and a second rate cut in May. This has also further boosted the market's optimism about ***. However, market sentiment may change in the context of the Fed's counterattack on market rate cut expectations, and the Red Sea "blank sailing" and the Fed**'s "pouring cold water" on interest rate cut expectations are also factors to pay close attention to.
Overall, the market trend in 2024 is affected by multiple factors, and investors need to analyze market trends more carefully and grasp investment opportunities. The status and investment attributes as a safe-haven asset will continue to be recognized by the market in the future, and more data and events are needed to verify the trend.