The gold market trend will decline sharply and wait for a new increase when the USD will reduce interest rates.
The Federal Reserve maintained interest rates at a target range of 5.25%-5.5%, a move supported by comments from Chairman Jerome Powell and met market expectations, thereby stimulating like risk appetite. This decision was announced last week.
Volatility in commodity markets last week was largely driven by the culmination of US Federal Reserve interest rate hikes, global economic uncertainty, production estimates and related impacts. weather.
The Federal Reserve maintained interest rates at a target range of 5.25%-5.5%, a move supported by comments from Chairman Jerome Powell and met market expectations, thereby stimulating like risk appetite. This decision was announced last week.
Volatility in commodity markets last week was largely driven by the culmination of US Federal Reserve interest rate hikes, global economic uncertainty, production estimates and related impacts. weather.
