TechFlow News, April 6: According to data from JIN10, Daniel Takieddine, CEO of Sky Links Capital, stated that gold’s upside potential may be limited as market expectations for Federal Reserve rate cuts weaken. Robust U.S. labor data is supporting U.S. Treasury yields, exerting downward pressure on gold. Ongoing diplomatic efforts have bolstered market expectations that the Middle East conflict may be resolved, further adding uncertainty to gold’s outlook. However, geopolitical risks beyond the Middle East and continued central bank gold purchases continue to support gold prices. He noted that gold’s short-term trajectory will hinge on upcoming U.S. economic data releases, Federal Reserve policy signals, and developments in the geopolitical landscape.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / support@techflowpost.com ICP License: 琼ICP备2022009338号
