In my opinion, elevated inflation expectations suggest that the Federal Reserve may continue to delay its anticipated move to lower interest rates.
This is negative for gold as higher interest rates increase the opportunity cost of holding gold compared to interest-bearing assets such as bonds or cash.
Military escalation in Rafah before a wide-scale invasion may elevate geopolitical tensions in the Middle East, potentially boosting prices of precious metals like gold, a traditional haven asset.
#gold-price-correction #us-consumer-confidence #inflation-expectations #geopolitical-tensions #federal-reserve-speeches
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