Powell's sudden hawkish signal, Middle East approaching ceasefire agreement! Gold 2588 weakens, drops sharply, Bitcoin falls below 100000

2024-12-19 1794

On Thursday (December 19th), the US dollar index rose to 108.18, gold prices fell deep to $2591, and Bitcoin fell below the $100000 mark. The Federal Reserve has decided to cut interest rates by 25 basis points, but predicts a rate of 3.9% in 2025, higher than the expected 3.4%. Chairman Powell has also issued hawkish signals, stating that future interest rate cuts will require new progress in inflation. Palestinian negotiators revealed that the Gaza ceasefire negotiations have entered the final stage, suppressing safe haven buying of precious metals.

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