Gold Steadies After Six-Day Decline as Fed Warns on Inflation

Gold Steadies After Six-Day Decline as Fed Warns on Inflation

Gold fell for a seventh day as the escalating war in the Middle East drove oil prices higher and reduced prospects for a US interest-rate cut in the near term.

Gold Sold for Six Consecutive Days: What's Happening - ActionForex

Gold prices stabilised around 4,830 USD per ounce on Thursday following a sixth consecutive decline, marking the longest losing streak since late 2024. The market remains under pressure from the Federal Reserve’s hawkish stance, which currently outweighs geopolitical risks. The Fed held rates unchanged and signalled only one cut this year. Jerome Powell emphasised that […] The post Gold Sold for Six Consecutive Days: What’s Happening appeared fi…