Gold remains under pressure in the short term
The positive progress made by the US public debt ceiling before its due date on June 1 has caused a rapid decline in the value of gold.
The precious metals market is currently waiting for the US Federal Reserve to adjust its interest rates. Recent macroeconomic data from the US shows an unexpected increase in inflation, which has led to speculation about whether the Fed will maintain its tough stance on interest rates. As a result, the USD is expected to strengthen after the Fed raises interest rates, causing the price of gold to w
The precious metals market is currently waiting for the US Federal Reserve to adjust its interest rates. Recent macroeconomic data from the US shows an unexpected increase in inflation, which has led to speculation about whether the Fed will maintain its tough stance on interest rates. As a result, the USD is expected to strengthen after the Fed raises interest rates, causing the price of gold to w
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.