The XAUUSD gold price started the day at 5:00 am and is currently trading at $1,905 per ounce.
Due to expectations of longer-lasting higher interest rates and Federal Reserve Chairman Jerome Powell's consistent hawkish stance on rate hikes, gold prices have dropped to a nearly four-month low.
Despite the aggressive tightening of monetary policies in many countries globally, inflation remains a significant concern.
Unfortunately, the gold market is not performing well, and there is a possibility of prices dropping below $1,890 per ounce in the near future.
Due to expectations of longer-lasting higher interest rates and Federal Reserve Chairman Jerome Powell's consistent hawkish stance on rate hikes, gold prices have dropped to a nearly four-month low.
Despite the aggressive tightening of monetary policies in many countries globally, inflation remains a significant concern.
Unfortunately, the gold market is not performing well, and there is a possibility of prices dropping below $1,890 per ounce in the near future.
Note
GOLD let go
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.