On March 17, gold prices rose slightly today, but due to the ongoing decline in energy prices, market expectations for further interest rate cuts have weakened, resulting in a cumulative drop of over 4% this week. Soojin Kim, an analyst at Mitsubishi UFJ Financial Group, stated that although the release of emergency oil reserves helps curb price surges, the rising inflation risks have lowered market expectations for interest rate cuts by the Federal Reserve, and rising interest rates typically suppress non-yielding assets like gold. (Jin Shi)
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