Although last week coincided with the Christmas holiday, the financial markets were not resting. The performance of gold, silver, and platinum was nothing short of crazy—spot gold approached $4,550 per ounce on Friday, with a year-to-date increase of over 70%. Silver was even more vigorous, briefly breaking through $79 per ounce, with a single-day gain of over 10% on Friday. Behind this surge in precious metals, the combined effects of risk aversion sentiment and expectations of interest rate cuts played a significant role.
Key Dates to Watch Next Week
At 3 a.m. this Wednesday, the Federal Reserve will release the latest minutes from its monetary policy meeting. Hidden within these minutes are clues about potential interest rate cuts in 2025, which could have a profound impact on market momentum. Also on Wednesday evening at 9:30 p.m., the latest weekly initial jobless claims data in the US will be released. By Friday evening, the final manufacturing PMI for December in the US will be announced. When combined, these indicators can roughly outline the future direction of the US economy.
Can Bitcoin Break Out by Riding the Momentum
US stock investors are hoping to end 2024 with a strong performance. Tech stocks, which had fluctuated recently due to AI spending concerns, are gradually stabilizing. In this macro environment, whether Bitcoin can break out of its current sideways pattern and leverage the policy signals from the Federal Reserve to overcome difficulties has become a focus for many traders.
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ColdWalletGuardian
· 3h ago
Gold's 70% surge is truly incredible; this is the right way to hedge against inflation.
Speaking of, can the expectation of rate cuts really push BTC through the resistance? It still seems to depend on what the Federal Reserve says on Wednesday.
Silver up 10% in a day? That's pretty intense. Is this the start of a rally?
When rate cuts come, it's time to stock up on gold—an ancient and timeless truth.
Bitcoin has been sideways for so long; just waiting for a signal from the Federal Reserve.
Set your alarm for 3 a.m. on Wednesday; this policy statement could determine the year's end trend.
The recent surge in precious metals feels like the market is signaling "rate cuts are coming."
PMI data combined with unemployment claims are a double whammy; next week's data could really change the game.
Gold breaks $4,500, silver hits $79—that's the voting of safe-haven funds.
It would be great if BTC could break through on the back of the rate cut expectations; right now, it's a bit stuck.
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MetaverseVagrant
· 12h ago
No one is paying attention to Bitcoin even after gold breaks 4550? This pace is a bit outrageous.
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BrokeBeans
· 12h ago
Gold is surging again, but it seems like the rate cut expectations are already priced in. What's the real positive catalyst?
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QuorumVoter
· 13h ago
Gold up 70%, silver taking off directly, this is the power of safe-haven assets... Next week’s Federal Reserve minutes will be the real kickoff or a misstep, stay tuned.
The Secret Behind the Year-End Gold Rush
Although last week coincided with the Christmas holiday, the financial markets were not resting. The performance of gold, silver, and platinum was nothing short of crazy—spot gold approached $4,550 per ounce on Friday, with a year-to-date increase of over 70%. Silver was even more vigorous, briefly breaking through $79 per ounce, with a single-day gain of over 10% on Friday. Behind this surge in precious metals, the combined effects of risk aversion sentiment and expectations of interest rate cuts played a significant role.
Key Dates to Watch Next Week
At 3 a.m. this Wednesday, the Federal Reserve will release the latest minutes from its monetary policy meeting. Hidden within these minutes are clues about potential interest rate cuts in 2025, which could have a profound impact on market momentum. Also on Wednesday evening at 9:30 p.m., the latest weekly initial jobless claims data in the US will be released. By Friday evening, the final manufacturing PMI for December in the US will be announced. When combined, these indicators can roughly outline the future direction of the US economy.
Can Bitcoin Break Out by Riding the Momentum
US stock investors are hoping to end 2024 with a strong performance. Tech stocks, which had fluctuated recently due to AI spending concerns, are gradually stabilizing. In this macro environment, whether Bitcoin can break out of its current sideways pattern and leverage the policy signals from the Federal Reserve to overcome difficulties has become a focus for many traders.