Gold prices fell for the third consecutive session, they point out in Ing raw materials, Ewa Manthey and Warren Patterson.
Gold prices fall in the middle of the USD strength
“Cash prices fell below $ 3,330/OZ on Friday in the middle of the fortress of the US dollar and treasure yields. President Donald Trump minimized tensions with the president of the Federal Reserve, Jerome Powell, last week, relieving concerns about the independence of the Fed.”
“Meanwhile, unemployment requests in the US fell for sixth consecutive week, the longest streak since 2022. That pushed the ups and treasure yields while weighed on gold without performance. The market anticipates less than two rate cuts by the Fed this year, with the first expected cut in October.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
