Bets on More Rate Hikes Could Push Gold Down Further
July 12, 2023 at 08:00 AM EDT
If the capital markets’ notions are correct, a June pause could make way for July rate hikes. This could put more downward pressure on gold, which has been waning in recent months. After pushing past the $2,000 price level in April and May, the precious metal has been losing its luster. It’s down 3% within [...] The post Bets on More Rate Hikes Could Push Gold Down Further appeared first on ETF Trends .
