Pepperstone: Macro environment supports gold
Jinse Finance reported that Pepperstone market strategist Ahmad Asiri stated, "The macro environment further supports the Federal Reserve's continued path toward rate cuts, with labor market indicators weakening and U.S. stock market valuations at excessively high levels. Against this backdrop, gold has firmly established itself both as a hedging tool and a means of portfolio diversification."
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.
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