The price of gold has decreased to its lowest level in over a month due to a stronger US dollar and higher bond yields, which have diminished the shine of gold.
I continue to observe a significant decline in gold purchases over an extended period and a noticeable increase in short-term trading. Speculators are pulling out of gold, with expectations about interest rates being a major factor here.
The price of gold has dropped to its lowest level in one and a half months due to increasing bond yields after data showed higher-than-expected retail sales in July, raising concerns that the Federal Reserve may keep interest rates higher for longer.
I continue to observe a significant decline in gold purchases over an extended period and a noticeable increase in short-term trading. Speculators are pulling out of gold, with expectations about interest rates being a major factor here.
The price of gold has dropped to its lowest level in one and a half months due to increasing bond yields after data showed higher-than-expected retail sales in July, raising concerns that the Federal Reserve may keep interest rates higher for longer.
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