This week, concerns are growing that the Federal Reserve (Fed) will keep interest rates high for longer than expected, causing significant damage to gold as prices end the week near a five-month low.
While there is still optimism that gold could rebound later this year, analysts are warning investors that there have been many short-term technical losses and the precious metal may continue to decline next week.
Despite signs of a slowing Chinese economy, precious metals have not received much attention from investors. The increase in bond yields, reaching a 15-year high on Thursday, has become a significant obstacle for gold.
While there is still optimism that gold could rebound later this year, analysts are warning investors that there have been many short-term technical losses and the precious metal may continue to decline next week.
Despite signs of a slowing Chinese economy, precious metals have not received much attention from investors. The increase in bond yields, reaching a 15-year high on Thursday, has become a significant obstacle for gold.
