Gold prices are facing a significant downturn, nearing a fourth consecutive weekly loss, as a robust US dollar and anticipated aggressive interest rate hikes by the Federal Reserve to combat inflation exert pressure. The precious metal has dipped below the $4,000 per ounce mark for the first time in years. Analysts predict this downward trend could persist for months, with potential long-term price targets around $3,400.
Gold is nearing its fourth consecutive weekly loss, driven by a strong US dollar and aggressive Federal Reserve rate hike expectations. The precious metal has fallen below $4,000 per ounce for the first time in years. Analysts predict this downward trend may continue, with…
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