Gold price sees triple-digit gains in March, but can it set record highs in April? weekahead gold
Gold gained $150 in March — its best month since July 2020. And with analysts seeing markets contradicting the Fed's messaging, gold has a lot more upside, including testing and breaking record highs in April, according to analysts.
"This could morph into a financial crisis. There's been a large decline in market values of assets on the books across the regional banking sector in a significantly tighter environment. Not only was there a loss of market value but also large outflows of deposits from less restrictive to more restrictive banks," TD Securities global head of commodity strategy Bart Melek told Kitco News."The Fed is less likely to be overly hawkish as we move into 2023.
Investors should pay close attention to the incoming data as any weaker-than-expected number increases the chance of a rate cut this year. Following March events, TD Securities is now projecting gold to average $1,975 in Q2, $2,050 in Q3, and $2,100 in Q4.The gold space could experience some losses in the short term, warned Millman."There is some downside risk. A relief rally in equities can drive some money out of gold," he said.
"The banking stress that roiled the markets this month has eased. However, the emergency lending by the Federal Reserve, via the discount window and the new Bank Term Funding Program hardly slowed in the past week ," Chandler said Friday.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Thursday's Charts for Gold, Silver and Platinum and Palladium, March 30Get the Big Picture view on gold, silver and other precious metals markets with Kitco Senior Analyst. With thorough analysis, get a sense of today's market as well as where it may be heading. Be in the lead.
Lire la suite »
Cape Breton Community Calendar events for March 31-April 6 | SaltWireCape Breton Community Calendar is a public service listing of community events sponsored by non-profit groups. It will appear weekly on Fridays. The ...
Lire la suite »
What to Do in Toronto This Weekend: March 31-April 2From jamming out with Nick Cannon to a Shrek-style rave to getting buzzed on maple syrup, here's what to do in Toronto this weekend.
Lire la suite »
Friday's Charts for Gold, Silver and Platinum and Palladium, March 31Get the Big Picture view on gold, silver and other precious metals markets with Kitco Senior Analyst. With thorough analysis, get a sense of today's market as well as where it may be heading. Be in the lead.
Lire la suite »
Film festival at SFU showcases Indigenous filmmakersFifth annual Skoden Indigenous Film Festival returns on March 31 and April 1.
Lire la suite »
Charlottetown students return to the stage with“Kids are still working to support themselves and still not making enough money in 2023. This play shouldn't be relatable, but I think it really is to many people.'
Lire la suite »