Gold Prices Slip Further Amid a Resilient USD and Hawkish Federal Reserve Outlook
Arslan Butt • 2 min read
The Federal Reserve’s hawkish stance reinforces expectations of further decline for the non-interest-bearing precious metal. Recent communications from the Fed highlighted concerns over persistent US inflation, hinting at potential additional interest rate increases this year. Interestingly, the current consensus among Fed policymakers anticipates only two rate reductions in 2024, in contrast to four originally projected.