Gold is falling to create momentum to increase again ?

Gold prices decreased because US government bond yields increased after the Fed meeting minutes. Gold prices fell sharply when US government bond yields increased and the greenback appreciated. The 10-year US government bond yield increased 2 basis points to 4.43%, while the DXY index increased 0.19% to 104.82, an obstacle for gold.

FOMC minutes showed that Fed officials remain uncertain about the extent of policy tightening. They added that "it will take more time than expected to have more confidence in inflation falling to 2%."

During the week, speeches by Fed officials laid the groundwork for the "hawkish stance" of the FOMC Minutes, as most officials said they wanted to be sure that inflation was coming down and that they were in no hurry. lower interest rates. Data from the Chicago Mercantile Exchange shows investors are expecting the Fed to cut interest rates by 31 basis points by the end of the year.

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تم فتح الصفقة:

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