Gold will continue to fall if the Fed tightens interest rates ?
Gold prices continued to decline today, with gold trading at $1,895.4 per ounce.
Gold reached a new low during yesterday's trading session. According to the central bank's July monetary policy meeting, the Federal Reserve will maintain a "hawkish" stance to keep open the possibility of raising interest rates due to increasing inflationary pressures.
The strong tightening of monetary policy by the Federal Reserve poses the biggest challenge for gold and precious metals, with an 86.5% chance that the Fed will keep interest rates within a range of 5.25% to 5.50%.
Gold reached a new low during yesterday's trading session. According to the central bank's July monetary policy meeting, the Federal Reserve will maintain a "hawkish" stance to keep open the possibility of raising interest rates due to increasing inflationary pressures.
The strong tightening of monetary policy by the Federal Reserve poses the biggest challenge for gold and precious metals, with an 86.5% chance that the Fed will keep interest rates within a range of 5.25% to 5.50%.
Comment:
“We believe the Fed is nearing the end of its bull cycle, the USD remains in a structural downtrend, and tightening credit conditions could represent an economic risk,” Hynes said in the report. These create a supportive backdrop for gold.”
