As of 14:42 on March 7, 2024, **ETF**(518660)**110%, the impact of 6 consecutive gains. The latest price is quoted at 487 yuan, a new high on the market, with a turnover rate of 1073%, the market is actively traded.
On the news front, the Fed chairman reiterated at a two-day monetary policy hearing on Capitol Hill that the Fed will not rush to cut interest rates until inflation is under control. U.S. private payrolls rose less than expected in February, and markets await Friday's February non-farm payrolls data.
Yesterday, comex*** rose 068%, up for five consecutive trading days, and hit a record high for four consecutive days. Gold hit a record high of $2,152 an ounce in London.
Relevant institutions pointed out that the signs of recession in the United States, coupled with inflation in line with expectations, the Federal Reserve recently spoke, and it is expected that short-term gold price momentum will still exist. In the medium and long term, with the lag effect of the previous tightening monetary policy on the economy gradually emerging, the unemployment rate gradually rising, and the CPI year-on-year growth rate approaching the 2% target, the Federal Reserve may start an interest rate cut cycle in the second half of the year, when the real interest rate is expected to fall rapidly, and gold prices still have a long-term trend. Therefore, there is still room for the long term.
*ETF**(518660), OTC Feeder (Class A:008142; Category C: 008143; ICBC** ETF Connect E: 020341).
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