In early trading on January 11, 2024, **ETF** (159937) was actively traded, falling slightly by 002%, turnover 15.6 billion.
Yesterday, COMEX closed down 026% at 2027$8 oz.
The US CPI data, which will be released on Thursday, is expected to show a slight increase in inflation in December. Given the sticky nature of current inflation, and signs of recovery in the labor market, the FOMC has more room to keep interest rates higher for longer.
Although the FOMC has signaled that it will implement a rate cut in 2024, it has not specified the timing of the rate cut. So far, the central bank has adopted a data-driven strategy of cutting interest rates.
Guotai Junan** said: At present, the key economic data has not yet formed a consistent pointing force, resulting in the current situation that the macro main line logic is not clear. As far as interest rate cut expectations in 2024 are concerned, market expectations have been repaired compared to the most aggressive time, but they are still far from 75bp. We believe that in the short term, all kinds of assets may deviate, and the over-falling repair and over-rising and falling coexist, waiting for more critical trends to lead the way. In addition, international events have given the most support, and it is necessary to further track the development of the situation.
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