TechFlow News, January 6th, according to Jinshi Data, gold prices continued to rise on Tuesday, hitting a one-week high, boosted by dovish remarks from Federal Reserve officials that raised expectations for interest rate cuts, as well as heightened safe-haven demand due to tensions in Venezuela. Ilya Spivak, Global Head of Macro at Tastylive, stated that (the remarks from Fed officials) certainly did not have a negative impact, but they did not appear to fundamentally alter the market's judgment. This week is crucial, with the employment report set to be released on Friday. Federal Reserve official Kashkari said on Monday that inflation is slowly declining, but there is a risk of a "sudden rise" in the unemployment rate, which increases the likelihood of interest rate cuts. Currently, investors expect at least two rate cuts this year. Spivak added, "The U.S.-Venezuela incident involving Maduro highlights the broader trend of deglobalization." In a low-interest-rate environment and during periods of geopolitical or economic uncertainty, non-yielding assets typically perform better.
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