Tsuneki Takaki? (Note: The Japanese name appears as "鏑木 高明") 『Weekly Gold Price Outlook』 February 27, 2023 issue
Dr. Takaki Kabutogi, President and Representative Director of Investment Daily Co., Ltd., and a master of cycle analysis, writes a weekly report on the outlook for the gold market.
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Last week's New York gold futures (nearby) continued to fall, closing at 1,817.1, down 33.1 from the previous week, marking a new year-to-date low. Since February, firm economic indicators and hawkish remarks by Federal Reserve members have been weighing on gold. The prevailing view was that the next FOMC meeting (March 21–22) would raise rates by 0.25%, but recently expectations have strengthened that the rate hike could be 0.50%.
Brendan Murphy, Head of North American Core Bond at Insight Investment (Boston), noted, “If the Fed returns the rate hike to 0.50%, the market will tremble, and it will be a problem” (Jiji Press).
US 10-year Treasury yields have risen to nearly 4%, and if they break above roughly 4% from last week’s levels, yields could rise to levels seen in October last year.
Please see the PDF file for the continuation.
【Takaki Kabutogi — Profile】
Graduated from Kwansei Gakuin University, Faculty of Economics. In 1995, he partnered with the world-renowned American market analyst Raymond Merriman and began issuing the country’s first market cycle and astrology reports. He is renowned for his cycle and astrology-based market analysis. Representative Director of Investment Daily Co., Ltd., Representative Director of Investment Daily Publishing Co., Ltd., Director of Wakabayashi FX Associates, member of the Japan Technical Analysts Association, Editor-in-Chief of Investment Daily Alpha.
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