The Fed's Impact on Gold Prices: Here's What You Need To Know!
Gold has lately been making headlines by keeping its pace intact amid the stark market meltdown. The yellow metal has documented a few downswings but is slowly recovering its momentum. Per Kitco, the gold prices are mellow, currently sitting at $2,193, down 0.90% at the time of publication. However, the trend is expected to gain prominence soon as anticipation concerning the fed rates has lately been amplifying, boosting Gold’s prospects. Also Read: HSBC Debuts Gold Tokens To Woo Retail Investors Gold Is Poised to Gain Momentum Soon Source: goldavenue.com The palpable anticipation surrounding the Fed eral Reserve’s decision to cut interest rates in June is bolstering the price of GOLD . Gold is expected to break into a new bullish price threshold, with the influx around the metal increasing at a gradual pace. According to Cathy, a notable market analyst on X, the current price trajectory of gold is bound for a stellar uptrend. The analyst was ...