Mitsubishi UFJ: Deadlock in US-Iran negotiations intensifies inflation concerns, gold prices decline

Mars Finance News, according to Jintiao reports, due to the lack of progress in US-Iran peace negotiations, oil prices have risen, triggering market concerns about long-term disruptions and escalating inflation, with gold futures prices falling 1%.
Soojin Kim, an analyst at Mitsubishi UFJ Financial Group, stated that the market is increasingly expecting interest rates to rise to counter inflation risks associated with high energy prices, which is unfavorable for gold.
Meanwhile, strong US labor market data continues to support market expectations that the Federal Reserve will maintain high interest rates for a longer period.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin