Ukraine launched missiles for two consecutive days, and gold surged by 20 dollars, breaking through 2670! Today keep an eye on the "small" data.
On Thursday (November 21), the international gold price rose for the fourth consecutive trading day, as escalating tensions between Ukraine and Russia triggered safe-haven demand, while investors awaited speeches from Federal Reserve officials for clues on interest rate prospects.
A potential 'fateful showdown' between Trump and the Federal Reserve! Top economists issue a warning!
Former IMF chief economist Blanchard said that Trump's economic policies may lead to an overheated economy and high inflation, forcing the Fed to raise interest rates again. The three pillars of Trump's economic plan, tariffs, immigration policy, and tax cuts, may all cause inflation to rise. As a result, the Fed may raise interest rates again, strengthen the dollar, which is not what Trump hopes for.
USD: Dollar Holds Gains – ING
ING International: The US dollar may continue to trade in a relatively high range.
Gelonghui, November 21 | ing groep stated that after the usa presidential election, the dollar has risen, and it may continue to trade within a higher range thereafter.
Dollar Could Stay in Higher Range After Election Rally -- Market Talk
Survey: Nine out of ten economists still expect the Federal Reserve to cut interest rates next month, but the pace of rate cuts will slow down next year.
A recent survey released by industry media this week shows that most economists still expect the Federal Reserve to cut interest rates for the third consecutive meeting next month; however, due to the risks of rising inflation posed by the policy guidelines suggested by the elected US president Trump, economists' expectations for the interest rate cut magnitude in 2025 have noticeably decreased compared to a month ago.