6 August
Rising interest rates put pressure on gold prices
The gold price has slightly increased thanks to less pressure from the dollar. However, the Fed's tight interest rate policy has prevented it from rising further.
This year, the price of gold reached its peak in the last two years, but then fell again. This was due to rising interest rates, which in turn caused a rising in the opportunity costs of gold keeping. Since the Fed isn’t going to change intentions, it isn’t expected that the situation regarding the price of gold will change.
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