Today’s markets analysis on
Gold prices extended their decline as expectations of tighter monetary policy in the United States and other major economies continued to weigh on the metal, compounded by a firm dollar. The Federal Reserve is expected to raise interest rates twice this year, a trajectory that has reinforced downward pressure on gold.
Successive ETF outflows constituted an additional headwind, reflecting a broader rotation away from the metal as bond yields edge higher. While flows turned positive lately, they remain limited. Despite the near-term bearish backdrop, central bank purchases continue to provide some support, and any meaningful reduction in interest rate hike expectations could set the conditions for a recovery in prices.
Attention this week turns to US inflation data, which markets will scrutinize for guidance on the Fed’s next steps. A stronger-than-expected reading would reinforce the case for further tightening, sustaining pressure on gold. A softer print, by contrast, could ease rate hike concerns and offer the metal some relief.
Türkçe
العربية
English
Deutsch
Ελληνικά
עִבְרִית
Русский
Українська
