Gold Price Retreats as Fed Holds Rates, Hawkish Dots Bite
6 Articles
6 Articles
The prices of future gold contracts closed in fall, after the Federal Reserve (Fed) signal that the next interest movement can be a high, scenario that reduces the attractiveness of precious metal, because it does not offer yield. The fall in oil prices, after the peace agreement between the United States and Iran enters into force, was in the background. In Comex, metal division of the New York Mercantile Exchange (Nymex), the gold with deliver…
Although the decision was expected by economists, concerns persist about the behavior of inflation and the strength of economic growth.
Gold Holds Decline After Bets Increase on Fed Hike This Year
International gold prices rebounded after the US-Iran agreement, but fell sharply following the Federal Reserve's interest rate decision on June 17. Market expectations were divided, with nearly half of central banks planning to increase their gold holdings, but some institutions lowering their gold price targets. On Friday, June 18, international gold prices continued to fall, with spot gold breaking below the $4,300/ounce mark, and the latest …
This afternoon, June 18th, the world gold price fell to just $4,267 per ounce. Although it has recovered from yesterday's low, the world gold price is still down $115 per ounce compared to yesterday.
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