Pi assesses the gold outlook as more neutral in the short term, noting the worst of trade tensions between the US and its global counterparts appears to have passed, which reduces the urgency for investors to seek traditional safe havens. "Now that trade talks are underway and tensions are easing, combined with expectations that the Federal Reserve is unlikely to cut interest rates aggressively due to lingering inflation concerns, the bullish momentum for gold may cool," noted the brokerage. The People's Bank of China (PBOC) announced a cut of 0.50 percentage points to the reserve requirement ratio for commercial banks, which is expected to inject roughly 1 trillion yuan into the financial system.
Author: Nuntawun Polkuamdee
Published at: 2025-05-11 22:57:00
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