CITIC Securities: Gold prices may have a rebound opportunity driven by liquidity

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ME News Report, April 14 (UTC+8), CITIC Securities research report pointed out that the market’s pricing of liquidity tightening is expected to weaken, and CITIC Securities still expects the Federal Reserve to cut interest rates by 25 basis points in the second half of this year, which is more dovish than market consensus.
As the Iran conflict enters a de-escalation phase, U.S. stock valuations may still have room for recovery, but the outlook remains uncertain, and it is necessary to observe the extent and intensity of disruptions to global supply chains and demand caused by the blockage of shipping through the Strait of Hormuz.
Currently, the resilience of the U.S. economic fundamentals may support real U.S. Treasury yields, making it difficult for long-term Treasury yields to continue a significant downward trend.
Gold prices may have a rebound opportunity driven by liquidity, while the dollar could weaken and fluctuate with market sentiment improvement.
(Source: Jin10)

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