Gold prices have recently surged to their highest level since June 16. This is mainly due to the weakening of the dollar, which was triggered by the US inflation data. It is expected that the US Federal Reserve will soon stop its monetary policy tightening campaign.
In June 2023, U.S. consumer prices slightly increased and experienced their lowest annual gain in more than two years. While inflation is cooling down, it may not be enough to prevent the Fed from raising rates later this year.
In June 2023, U.S. consumer prices slightly increased and experienced their lowest annual gain in more than two years. While inflation is cooling down, it may not be enough to prevent the Fed from raising rates later this year.
