The inflation problem is not going away, with the Federal Reserve and the European Central Bank doubling down on their calls to keep raising rates amid promises of price stability. The gold market is not taking it well, with prices at risk of falling below $1,900 an ounce in the short term.
The latest macro data out of the U.S. supports more tightening by the Fed. The Conference Board's consumer confidence report surged to 109.7 in June – the best since January 2022. This has pushed recession calls further out, supporting another 25-basis-point hike by the Fed.
Source: Kitco
For more Updates Do follow us on Social Media
Facebook Page https://bit.ly/3blw5Rg
Instagram https://bit.ly/3MsRHbP
YouTube https://bit.ly/3LjGj2L
Twitter https://bit.ly/3E9IO5U
Linkedin https://bit.ly/3M17Xlk
WhatsApp Group https://bit.ly/JEWELBUZZ
コメント