Omicron’s number of infections hits a record, gold may continue to rise
The number of infections caused by Omicron has set a global record of nearly 1 million. The market is worried that it will threaten the recovery of the global economy, and the price of gold has risen. Faced with market uncertainties, it has attracted new investors’ attention to gold and provided support for the price of gold. But as one of the Fed’s most moderate policymakers, Kashkari turned hawkish and supported interest rate hikes, and gold prices are expected to rise under pressure.
The trend of gold can be paid attention to tonight’s ADP Employment Report, the minutes of the Fed’s latest FOMC meeting, and Friday’s Non-Farm Payrolls, will affect the trend of gold, and investors must seize the opportunity to place orders.
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