Gold at risk of falling further
The situation in the global economy is not very stable. But at this stage, regulators see tackling the extremely high levels of inflation as a priority, as opposed to the stimulation of national economies. At the same time, the increase in interest rates is undoubtedly ominous news for precious metals.
Stock indices are on the rise against the backdrop of positive dynamics of high-tech companies relying on cloud services and AI. This is evidence of the market's interest in high-yielding, albeit risky, assets.
The latest data from the US signal a relatively stable state of the economy. In particular, according to the Conference Board, its consumer confidence index rose to 109.7 in June, the highest reading since January 2022.
The insufficient slowdown in inflation, coupled with good macroeconomic reports, is reassuring the markets that the US Federal Reserve, as Powell said, will carry out one or two more monetary policy tightenings. According to the CME Group, there is a 77% chance of a rate hike in July. This signals a negative outlook for gold
The latest data from the US signal a relatively stable state of the economy. In particular, according to the Conference Board, its consumer confidence index rose to 109.7 in June, the highest reading since January 2022.
The insufficient slowdown in inflation, coupled with good macroeconomic reports, is reassuring the markets that the US Federal Reserve, as Powell said, will carry out one or two more monetary policy tightenings. According to the CME Group, there is a 77% chance of a rate hike in July. This signals a negative outlook for gold
