Due to rate hike concerns, gold prices fall back below $40,000
2026-07-01 07:43
In Odaily Planet Daily News, gold prices fell back below $4,000 per ounce ahead of a speech by Federal Reserve Chairman Walsh at the European Central Bank forum in Portugal. Analysts at Saxo Bank said: "The market has yet to attract enough buying interest to establish this level as a support level." They also noted that "although energy prices have recently retreated, investors still expect the Fed may further tighten monetary policy to counter inflationary rebounds. As a result, gold prices fell by 14% in the second quarter, marking the worst quarterly performance since 2013." (Jinshi Data)
추천 기사
