Tag: stubborn
Gold Faces Downward Pressure as Stubborn Oil Prices Fuel Aggressive Federal Reserve Rate Expectations
Gold prices are currently on track to record their fourth consecutive session of losses, slipping toward the lower boundary of their four-week trading range. This downward momentum comes despite a simultaneous softening of the US dollar and a decline in Treasury yields—macroeconomic conditions that would traditionally serve as a powerful tailwind for non-yielding precious metals….
