ETF Tracker| Continuing Good News for Gold ETFs After CPI & FOMC Minutes
@ETF Tracker:
The US economy is on the verge of recession and the pause of the rate-hiking cycle is imminent!On the Asian midday of April 13th, gold prices move sideways, maintaining near their high since March of last year. Previously, weaker-than-expected US CPI stimulated people's bets on the Fed's early pause in rate hikes. Meanwhile, concerns about economic recession continue to intensify and make capital flow into safe assets.Gold has continued to strengthen this week after breaking through $2000 per ounce, with a gap of about $50 from the historical high point in 2020.What is Gold ETF - Meaning, Purpose, Risk, How Gold ETFs Work1. Gold maintains near the high level, outperforming broader marketIn March, due to bank run, traders flooded into traditional safe assets, pushing gold up for a month.Acc