Concerns about the Federal Reserve needing to raise interest rates have not diminished.
There is a significant chance that gold prices will fall below $4,400 in the short term. This is primarily because while investor concerns about further escalation of tensions between the US and Iran have not increased, US crude oil prices, despite a slight pullback, remain at relatively high levels. This high oil price has led to rising inflation, reinforcing investor anxieties about a potential Fed rate hike. Consequently, there is likely to be increased cashing out activity in the gold… … »Concerns about the Federal Reserve needing to raise interest rates have not diminished.