All up, these numbers probably won’t shift the dial on interest-rate expectations, with the first reduction now thought likely to be in June. However, they do underline that the inflation threat remains visible and that near-term rate reductions of any kind can’t be seen as certain yet. Some expected early rate cuts at the start of this year. Now the second half of 2024 seems like the earliest possible date.
Yielding nothing, gold might be expected to do better when investors see lower rates and lower yields ahead,
Yielding nothing, gold might be expected to do better when investors see lower rates and lower yields ahead,
Commento:
It can move like that soon