Pressure from gold if the Fed has not raised interest rates
According to analysts, in the short term, the fact that the US Federal Reserve (Fed) has not lowered interest rates will increase the value of the USD, thereby causing gold to more or less suffer certain pressures.
However, in the medium and long term, gold is forecast to increase in an environment of high inflation and slow economic growth. Moreover, the United States cannot avoid the scenario of entering a period of loosening monetary policy by lowering interest rates. A weakening USD will push gold prices up.
Many forecasts say that gold price will reach 2,500 USD/ounce by the end of the year and will increase sharply in the following years.
World gold prices decreased due to investors' psychology of market exploration, causing demand to become weaker, pulling gold prices back down to around 2,300 USD/ounce.
However, in the medium and long term, gold is forecast to increase in an environment of high inflation and slow economic growth. Moreover, the United States cannot avoid the scenario of entering a period of loosening monetary policy by lowering interest rates. A weakening USD will push gold prices up.
Many forecasts say that gold price will reach 2,500 USD/ounce by the end of the year and will increase sharply in the following years.
World gold prices decreased due to investors' psychology of market exploration, causing demand to become weaker, pulling gold prices back down to around 2,300 USD/ounce.
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