Russia-Ukraine Negotiations May Take Longer, Inflation Expectations Support Gold Prices
Don’t miss the opportunity to make a profit, check the gold trend now>>
Last week, gold posted its biggest weekly decline since June as the market had already digested the risk aversion from the Russian-Ukrainian war and the Federal Reserve raised interest rates. But the war between Russia and Ukraine continues, and the two countries still have not reached an agreement on key issues involved in the negotiations, which may take weeks or longer, keeping inflation expectations high and providing buying support for gold. Although the market is bearish for gold prices in the short term, it is still bullish in the long term.
The trend of gold can be paid attention to…
22:00 Federal Reserve Chairman Powell speaks
20:00 Federal Reserve Chairman Powell speaks
22:00 US New Home Sales (FEB)
20:30 US Core Durable Goods Orders (MoM) (FEB)
20:30 US Unemployment Claims for the week ending 3/19
21:45 US Markit Manufacturing PMI (Initial)
21:45 US Markit Service Industry PMI (Initial)
22:00 University of Michigan Consumer Confidence Index (Final)
Latest news on the Russian-Ukrainian war
Speeches by several Fed officials
Which will affect the trend of gold, and investors must seize the opportunity to place orders.
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