Inflation concerns and rising interest rate expectations increase, probability of gold reaching $3,400/oz before end of June briefly rises to 38%

Odaily Seer Prophecy Channel monitoring shows that the probability of "gold reaching $3,400 per ounce before the end of June" has significantly increased. The current probability is 38%, with the average probability over the past 7 days being 11.6%.

Affected by inflation concerns triggered by escalating Middle East conflicts and rising global interest rate expectations, the price of gold fell sharply by up to 8% on Monday, erasing all gains made this year and marking its ninth consecutive day of decline. Last week, gold recorded its largest weekly drop since 1983.

Odaily Seer Prophecy Channel continues to monitor prediction markets, seeing changes before they are priced in.