Futures
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Gold
One platform for global traditional assets
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Coinworld News reported that on Friday, March 13, New York futures gold fell below $5,100 per ounce, with the week set to record a weekly decline. A stronger U.S. dollar, rising oil prices, and uncertainty regarding Federal Reserve policy have put pressure on gold prices. Analysts at ANZ Bank stated: "The dollar is strengthening due to its safe-haven status, particularly as rising oil prices benefit the United States as a net energy exporter. Market concerns about the Federal Reserve's rate-cutting path are intensifying, and rising oil prices increase the likelihood of inflation pressures re-emerging."