Institutions: Expectations that interest rate cuts will cool down, expectations that conflicts in the Middle East will end, or limiting upside potential for gold prices

SmartContractAuditor · 2026-04-06T09:51:30+00:00

Sky Links Capital CEO Daniel Takieddine stated that the upside potential for gold may be limited due to weakened expectations of Federal Reserve rate cuts and strong U.S. labor data. Although geopolitical risks and central bank gold purchases support gold prices, the short-term trend will still be influenced by upcoming economic data and policy signals.

SmartContractAuditor

2026-04-06 09:51:30

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Odaily Star Daily News reports that Sky Links Capital CEO Daniel Takieddine said that as market expectations for a Federal Reserve rate cut have weakened, the upside potential for gold may be limited. Strong U.S. labor data has supported Treasury yields, putting pressure on gold. Continued diplomatic efforts have supported market expectations that the Middle East conflict may be resolved, further increasing uncertainty about gold’s outlook. However, geopolitical risks outside the Middle East and ongoing gold purchases by central banks are still providing support for gold prices. He noted that gold’s near-term trend will depend on the upcoming U.S. economic data, signals from Fed policy, and developments in the geopolitical situation. (Jin Ten)

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