empty
 
 

24.06.202600:36:30UTC+00Gold Extends Losses on Hawkish Fed Bets

Gold dropped below $4,100 an ounce on Wednesday, approaching a seven‑month low as expectations of tighter Federal Reserve policy outweighed support from the interim US‑Iran peace accord, which had helped ease inflation concerns. At its latest policy meeting, Fed officials left interest rates unchanged but signaled growing support for future rate hikes, while new Fed Chair Kevin Warsh reaffirmed his commitment to restoring price stability. At the same time, progress in negotiations between Washington and Tehran boosted traffic through the Strait of Hormuz, easing pressure on global energy supplies and reducing inflation risks. Gold came under further selling pressure as a steep decline in US technology stocks prompted investors to cut bullion holdings to cover losses elsewhere in their portfolios.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In June we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


现在无法通话?
提出您的问题,用 在线帮助.
Widget callback