Insignia Consultants | Asian Metals Market Update for 5th February 2024

Asian Metals Market Update for 5th February 2024

Asian Metals Market Update for 5th February 2024

The market is still betting on March interest rate cut it seems. There is a zero percent chance of March interest rate cut. May interest rate cut will be there only if there is a slowdown in US jobs hiring. I will not be surprised if the yen breaks and trades over 152.00 versus the US dollar for a few weeks. Japan is happy with a weaker yen. It will be difficult for spot gold to break $2100 before the end of the month. Consolidation period can continue for a much longer period than most of us expect.

READ THE FULL GOLD AND SILVER UPDATE AT WWW.GOLDSEEK.COM IN THE LINK BELOW

https://goldseek.com/article/asian-metals-market-update-5th-february-2024

---