Gold prices don't want to go down
On Friday, Michelle Bowman, a member of the Federal Reserve's Board of Governors, stated that the regulator would have to make another rate hike if inflation remains high.
On Friday, Michelle Bowman, a member of the Federal Reserve's Board of Governors, stated that the regulator would have to make another rate hike if inflation remains high. Such statements by Fed representatives support the dollar, but concerns about the US national debt ceiling and the US banking sector are keeping gold prices high, and they may rise further in the future.
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