In June, the gold market is set to have its worst month since February with a drop of around $47.
Central banks' hawkish rhetoric is causing this decline.Rising interest rates increase the opportunity cost of holding gold and support the dollar, potentially pushing the world closer to recession.
The recent aggressive monetary policy of central banks is constraining the precious metal's rally. Analysts predict gold will reach $1900.
Central banks' hawkish rhetoric is causing this decline.Rising interest rates increase the opportunity cost of holding gold and support the dollar, potentially pushing the world closer to recession.
The recent aggressive monetary policy of central banks is constraining the precious metal's rally. Analysts predict gold will reach $1900.
Note
Gold comes under pressure as cash flows return to many stock markets after geopolitical risks in Russia decline.
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.
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.