Prices of gold (GC=F) have soared, breaking the $2,100 mark as investors bet on potential rate cuts. Phillip Streible, Blue Line Future Chief Market Strategist, joins Yahoo Finance Live to share his perspective on why the precious metal could be an attractive investment.
Streible says, "there is a perfect storm brewing in the gold market," with the commodity climbing $150 "above its February lows." He explains that in the event of a regional bank crisis, the Federal Reserve may "pull forward" anticipated rate cuts originally slated for May or June, providing a tailwind for gold to rally further.
The strategist also highlights that the forthcoming jobs report on Friday will offer crucial insights into rate cut expectations and inflationary pressures. He suggests that a figure below 200,000 could "expedite the prospects of an interest rate cut," although he urges caution regarding "seasonal factors" that may influence job market data.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Angel Smith
市場憧憬美國聯儲局6月減息，加上有避險資金流入金市，國際金價再創下紀錄新高。
紐約期金收市升0.73%，每盎斯報2141.9美元。現貨金高見每盎斯2141.84美元，升1.3%，收市報2127.91美元，升0.64%。
TD Securities商品策略主管Bart Melek表示，市場對聯儲局6月減息的預期升溫，金價預料續有扳升動力，牽動金價造好，第二季可望見2300美元。
聯儲局主席鮑威爾周三出席國會聽證會前，利率期貨數據顯示，交易商預期聯儲局6月減息可能性微升至70%。
銀價跌0.8%至每盎斯23.7美元。鉑金跌1.8%至每盎斯881.23美元。鈀金跌1.1%至每盎斯949.68美元。
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