ENFIELD
HACKNEY
HARINGEY
ISLINGTON
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
