Gold Technical Analysis: Top of 2000 Dollars are Strong Forex Gold Trading
As for the price of silver, the sister commodity to gold, it is looking to top $26. Silver futures rose to $25.74 an ounce. Overall, the price of the white metal increased by more than 5% over the past week, bringing its gains in 2022 to more than 10%.
Experts stress that inflation could decline if the US central bank becomes bolder about interest rates. For his part, St. Louis Fed President James Bullard wants to see the benchmark rate at 3.5% by the end of the year. Gold is usually sensitive to higher interest rates because it raises the opportunity cost of holding non-returning bullion.
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