Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Institution: Gold remains bearish in the short term, but further downside is expected to be limited

Institution: Gold remains bearish in the short term, but further downside is expected to be limited

Cointime2024/11/14 14:22
By: Cointime

StoneX analyst Fawad Razaqzada stated that the weakness in precious metals reflects the restrictive US monetary policy that Trump may adopt in 2025, which will increase the cost of holding non-yielding assets such as gold. Razaqzada wrote that after Trump's victory, the hawkish repricing of US interest rates supported the dollar and yields, weakening gold priced in dollars. As investors digest geopolitical risks, gold prices are also falling. Razaqzada said that the uncertainty of the US election has been eliminated, and conflicts in the Middle East and Ukraine are expected to end after Trump becomes president. He added that short-term forecasts will remain bearish before a bullish reversal occurs, but the potential for further decline may be limited.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — YB/USDT!
Bitget Announcement2025/10/16 08:00
YBUSDT now launched for futures trading and trading bots
Bitget Announcement2025/10/15 11:07

Trending news

More
1
New spot margin trading pair — YB/USDT!
2
Exclusive Mystery Boxes for BGB holders group–Win random token incentives!

Crypto prices

More
Bitcoin
Bitcoin
BTC
$111,476.59
-0.81%
Ethereum
Ethereum
ETH
$4,050.8
-1.67%
Tether USDt
Tether USDt
USDT
$1
-0.06%
BNB
BNB
BNB
$1,178.29
-0.57%
XRP
XRP
XRP
$2.45
-1.96%
Solana
Solana
SOL
$196.21
-3.89%
USDC
USDC
USDC
$0.9999
-0.03%
TRON
TRON
TRX
$0.3233
+1.38%
Dogecoin
Dogecoin
DOGE
$0.1994
-1.77%
Cardano
Cardano
ADA
$0.6792
-2.14%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter