Core Reasons for the Downward Trend in Gold Prices
1.Fed More Hawkish Than ExpectedAt the March 19 meeting, the Fed kept interest rates unchanged at 3.50%ā3.75%.The dot plot indicated only one rate cut in 2026, delayed until after June, completely shattering earlier expectations of three cuts for the year.Powell stressed that inflation remains unsteady and did not rule out further rate hikes, reinforcing expectations…
