Gold posts steepest weekly drop since 1983 amid Middle East tensions
Gold is also being impacted by rising anticipation that the US Federal Reserve won’t cut interest rates this year, while Fed chair Jerome Powell said inflation would rise.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Gold is also being impacted by rising anticipation that the US Federal Reserve won’t cut interest rates this year, while Fed chair Jerome Powell said inflation would rise.
Why this matters
Federal Reserve is showing up inside the Macro & Rates theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.
Original source
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