On April 6, looking forward to the market outlook, many institutions are optimistic about the medium and long-term trend of gold prices.
Guosen Securities believes that the Fed’s interest rate hike cycle will end, and the suppression of gold prices will be greatly weakened.
At the same time, from a medium to long-term perspective, the central banks of various countries have greatly increased their gold purchases, becoming the strongest demand growth point for gold.
Haitong Securities also believes that the Fed’s interest rate hike is coming to an end, and the price of precious metals is expected to continue to improve.
In the context of the US and European banking events that have not yet reached a conclusion, if the March inflation data cools down further, the Fed’s interest rate hike expectations may further cool down. Continue to be optimistic about investment opportunities in the precious metal sector, including gold.
Zheshang Securities said that looking forward to 2023, inflation expectations may continue to slow down due to the high base of energy prices, and the U.S. economy may further weaken in a high-interest rate environment. Combining the two, real interest rates are expected to fall. Financial attributes are expected to support further rises in gold prices.