The decline in gold prices to below the $4,000 area is largely driven by expectations that US interest rates will remain high (hawkish). When interest rates or US bond yields rise, investors tend to prefer assets that generate interest over gold, which does not provide direct returns (non-yielding asset)$BTC $XAUUSD

BTC-1.68%
XAUUSD0.18%
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
  • Pinned