Gold prices tend to surge during times of unpredictable developments in the Russia-Ukraine conflict due to geopolitical uncertainties being the main driving force. Experts predict that the Fed may halt its 10 consecutive interest rate hikes, as recent record hikes may have long-term effects on the global economy.
It is necessary to pause rate hikes to monitor their impact on the economy. This has caused the USD to slow down, creating favorable conditions for gold to increase in value.
It is necessary to pause rate hikes to monitor their impact on the economy. This has caused the USD to slow down, creating favorable conditions for gold to increase in value.
