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Add as a preferred source on GoogleGold Hovers Near Three-Month Low as Lin Flags Liquidity Risks
Global X ETFs analyst Justin Lin said cooler expectations for further Federal Reserve rate hikes may support gold in the short term, while a V-shaped rebound remains possible despite downside pressure.
Spot gold hovered around $4,020 an ounce on Oct. 23, near a three-month low, as markets watched for liquidity-driven selling, a risk flagged by Global X ETFs analyst Justin Lin.
Lin said cooler expectations for further Federal Reserve rate hikes could support gold in the short term. He also described a V-shaped rebound as possible despite downside pressure.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.