Positive session for gold that continues to move in positive territory (+ 1.3%), following the Fed meeting that cut rates. "As we had anticipated, the Fed's interest rate cut of 0.25% was already taken for granted and investors remain rather optimistic about the ingot. Now, after the Fomc's latest move, a new phase for gold begins, "explains Carlo Alberto De Casa, chief analyst of ActivTrades, recalling that in the course of 2019" dove's monetary policy decisions were one of the factors bullish for the yellow metal ". Now, the space for further cuts by the Fed is reduced and the space for action of the ECB is very minimal.
"However, it is likely that the trend for gold remains moderately bullish as investors view the ingot as a safe haven in a scenario with rising risks of an economic slowdown and great interest in the precious metal by central banks," he adds. 'expert.
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