gold price outlook

gold price outlook: Fed decisions to set short-term direction for gold prices

March 3, 2024

Gold prices in the international and domestic markets suffered losses in the first two months of 2024. A strong US dollar, expectations of further delay in US Fed rate cuts, and a rally in global equities affected the sentiment surrounding the metal. The US Dollar has gained almost 3% since the start of January. Firm …

gold price rise: Gold rises for first time in 4 weeks amid Israel-Hamas conflict. Can it shine some more?

October 14, 2023

Gold prices have seen a notable weekly gain of more than 3%, marking their first increase in four weeks. This surge is primarily attributed to ongoing geopolitical tensions, notably the recent conflict between Israel and Hamas. The surprise attack by Hamas on Israel has escalated the situation, leading Israel to declare war. The United States …