The International Monetary Fund (IMF) said in an article that commercial real estate in the United States is experiencing a more serious one, with an 11% increase since the Fed raised interest rates in March 2022. At the same time, there is a huge pressure on US banks. According to the data, total U.S. commercial real estate loans will exceed $1 trillion by the end of next year and reach $2 trillion by 20272 trillion dollars, which will bring a lot of crisis to the commercial real estate of the United States.
According to an investigation, if the default rate of commercial real estate loans of major U.S. banks reaches 10%, the U.S. banking industry may incur additional losses of about $80 billion. The current high interest rates and tight financial conditions in the United States have prevented banks from financing risky commercial real estate loans. When refinancing maturing loans, interest costs increase further, increasing the risk of default and default.
There were no major data releases during the U.S. holiday on Monday, and the spot fell below the $2020 mark during the European and U.S. markets, and remained near $2016 during Tuesday's Asian session. There is no important data released in the United States today, and the trend of the dollar index will become a large factor affecting gold prices.
Recent inflation data has increased the amount of time the Fed has been delaying rate cuts. According to the new CME data, the market has accepted the expectation that there will be no rate cut in March, and even believes that the rate cut in May is less than half in 10%. Some analysts believe that because the Federal Reserve is "sure" to ease monetary policy, the bottom of the market is relatively stable, and gold prices still have some support.