Gold Outlook Ahead of U.S. Rate Decision
The article discusses how gold prices are influenced by expectations regarding the decisions of the U.S. Federal Reserve. Last week, gold closed at $4,053, with gains of less than 1%. It is expected that the U.S. central bank will keep interest rates unchanged at its meeting this week, although there is about an 80% chance they will be raised in September. Additionally, the price of Brent crude oil fell by 4% after a rise of over 7% in the previous session, following threats from Trump and the implications of the US-Iran war for oil prices. This all comes amid expectations that interest rates will continue to rise, which could negatively impact gold as a safe haven amid potential inflation.
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