_1777294237270_124456903.png&w=64&q=75){kind=small}
Gold steadies after two-month low
Gold prices stabilized today, Thursday, at $4,116.67 per ounce after touching their lowest level in two months. This comes amid assessments of the risks of the Federal Reserve raising interest rates again before the end of the year. The rise in the dollar and U.S. Treasury yields has exerted negative pressure on the market. Analysts expect that gold will need to break through the $4,275 level to signal a bullish trend soon. Meanwhile, the possibility of a rate hike in December suggests that higher interest rates reduce gold’s appeal as a safe haven. Additionally, the Federal Reserve’s meeting minutes revealed differing views on the reasons for tightening, with an 86% likelihood of an increase in December, increasing pressure on gold prices.
Notice: This Is an AI-Generated Summary
Comments (0)