The Fed may become more dovish as gold prices reach a historic high of 3534 USD.

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[Coin World] The spot gold price is consolidating in Asia. On Thursday, U.S. President Trump stated that he would nominate the chairman of the White House Council of Economic Advisers, Milan, to temporarily serve as a member of the Federal Reserve Board of Governors to fill the vacancy. Analysts at ANZ Bank stated in a report: "Milan is the architect of Trump's tariff policy, and the market believes that this appointment means that monetary policy will become more dovish." The expectation of more Fed rate cuts may enhance the appeal of gold.

In addition, it is reported that the United States imposes an import duty on one kilogram of gold bars, which is the most common trading specification on a certain trading platform in the world's largest gold futures market. The market indicates that this move will make it difficult to meet U.S. gold demand. Spot gold is currently basically flat, and New York futures gold briefly touched a historic high of $3534.10 per ounce during the Asian session, currently trading around $3500 per ounce.

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PoolJumpervip
· 4h ago
Go up and make a bullish move
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GetRichLeekvip
· 4h ago
Wow, gold has reached a new high, and I'm still buying the dip in the crypto world.
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token_therapistvip
· 4h ago
Is the futures market about to explode again? Goodness!
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gas_guzzlervip
· 4h ago
Gold has reached new highs, still not To da moon?
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MoonRocketTeamvip
· 4h ago
The Golden Rocket breaks through 3500, the next stop is directly at the Mars supply station.
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WhaleWatchervip
· 4h ago
Got gold again, just waiting to da moon after hoarding it.
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MetaverseVagrantvip
· 4h ago
The market is back again.
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