Gold and silver prices bounced back on Monday from last week's steep losses as the U.S. dollar softened.
Gold and silver prices bounced back on Monday from last week’s steep losses as the U.S. dollar softened.
Price actionWhat’s happening Even as gold prices rebounded on Monday, hopes for a durable rebound for the yellow metal — and, increasingly, other commodities as well — are dimming as investors anticipate the Federal Reserve will continue hiking interest rates into the first quarter of 2023, potentially exacerbating an expected global economic slowdown.
“It... Gold and silver prices bounced back on Monday from last week’s steep losses as the U.S. dollar softened. Price action What’s happening Even as gold prices rebounded on Monday, hopes for a durable rebound for the yellow metal — and, increasingly, other commodities as well — are dimming as investors anticipate the Federal Reserve will continue hiking interest rates into the first quarter of 2023, potentially exacerbating an expected global economic slowdown.
“It is pretty much clear that the Fed will continue to increase its interest rate, and there are no signs of them slowing down their monetary policy any time soon,” said Naeem Aslam, chief market analyst at AvaTrade.
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