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Hawkish statements from Fed leaders put pressure on gold prices
Hawkish statements from Fed leaders put pressure on gold prices

Hawkish statements from Fed leaders put pressure on gold prices

This week has seen many hawkish statements from US Fed representatives.

This week has seen many hawkish statements from US Fed representatives. US Federal Reserve Chairman Jerome Powell supported a further rate hike but at a slower pace and confirmed the Fed's intentions to curb inflation to 2%. Because of the continued rise of bond yields, gold is losing its attractiveness.

XAU/USD

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74.91% of retail investor accounts lose money

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