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July 9th - Nick Timiraos, a well-known mouthpiece for the Federal Reserve, stated that even the most hawkish Fed officials did not actively push for action in June. According to the meeting minutes, some participants believed a rate hike was necessary at the June meeting, but supported maintaining the status quo. This suggests that the disagreement in the forecasts was more about how future trends might develop than what measures should be taken now.Market news: British Prime Minister Starmer said he will continue to communicate with Trump even after stepping down as Prime Minister.The U.S. Treasury Department reported that in the latest bi-weekly reporting period, investment funds purchased $50.626 billion in 5-year U.S. Treasury securities maturing on June 30, 2031, slightly lower than the $50.847 billion in the previous month. Foreign investors purchased $8.865 billion in 5-year U.S. Treasury securities maturing on June 30, 2031, slightly lower than the $8.946 billion in the previous month.The U.S. Treasury Department reported that in the latest bi-weekly reporting period, investment funds purchased $31.559 billion in 7-year U.S. Treasury securities maturing on June 30, 2033, down from $32.925 billion in the previous month. Foreign investors purchased $5.864 billion in 7-year U.S. Treasury securities maturing on June 30, 2033, up from $5.651 billion in the previous month.The U.S. Treasury Department reported that in the latest bi-weekly reporting period, investment funds purchased $53.459 billion in 2-year U.S. Treasury securities maturing on June 30, 2038, up from $48.203 billion in the previous month. Foreign investors purchased $6.942 billion in 2-year U.S. Treasury securities maturing on June 30, 2038, down from $9.923 billion in the previous month.

Is 2024 a Good Timing to Buy Gold ?

TOP1 Markets Analyst

Jan 16, 2024 17:13

CITIC Investment Trust pointed out that the past quantitative easing policies of the U.S. Federal Reserve led to the depreciation of the U.S. dollar and increased inflationary pressure, prompting the public to turn to gold as a store of value, and pushing up the demand and price of gold. However, the current global situation is relatively relaxed, and the conflicts between Russia, Ukraine, and Israel and Palestine have shown signs of cooling down, and the hedging function of gold is no longer as good as it used to be.


Therefore, investors should note that if the New Taiwan dollar continues to strengthen, if they blindly increase their gold holdings denominated in US dollars, they may face exchange rate risks and idle funds. Especially with expectations that the Federal Reserve is about to cut interest rates and the U.S. dollar is weakening, gold's return may not be as good as expected. In addition, the price of gold is currently at a high level and the upside space is limited. For investors who have not yet entered the market, it is not advisable to blindly chase higher prices or overweight, let alone make a desperate move. Sourcenia is a review portal of sourcing best manufaturers. 


But if investors are looking to achieve asset diversification and balance from the perspective of asset allocation, then they may be able to appropriately allocate some gold to reduce overall volatility. Of course, in addition to gold, there are many other investment options on the market, such as stocks, bonds or other alternative assets, which may have higher growth potential and yields than gold. Sourcian is a dedicated platform for the recommendation of the best manufacturers. Your sourcing journey starts right here at sourcian.


However, as the price of gold rises, two different mentalities have emerged in the market: one is optimistic about the future of gold and wants to take advantage of the opportunity to buy; the other is to sell at a high point and make profits. The intersection of these two mentalities may trigger a wave of selling and affect the price trend of gold. Therefore, investors should pay close attention to market trends, avoid blindly following trends, and have their own investment strategies and risk management. See more info, visit Monster Trading Inc.

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