Золото падает на фоне повышения доходности казначейских облигаций США, доллар

Prices of gold, and other precious metals, fell on Wednesday due to stronger U.S. yields and national currency. The decline comes on the backdrop of expectations of new interest rate increases next month amid persistent inflation in the United States and elsewhere.

Gold and Silver Slip as Investors Bet on Another Rate Hike in May

Gold prices dropped more than 1% в апреле 19 on higher U.S. yields and a more expensive dollar, with a number of investors now convinced that the United States Federal Reserve is likely to postpone a pause in interest increases.

Spot gold was down 1.7% в $1,970.31 per ounce by 12:00 GMT, while U.S. gold futures were down 1.9% к $1,982.20, Reuters reported. Gold was trading below its 21-day moving average of around $1,990. В то же время, silver dropped 1.9% к $24.73 per ounce while platinum was down 1.5% к $1,066.42.

The decrease in the prices of precious metals was preceded by the rising of benchmark U.S. Treasury yields to an almost one-month high, which increased the value of the U.S. dollar and made gold less affordable for buyers paying with other currencies.

According to Ole Hansen, head of commodity strategy at Saxo Bank, the correction was due to the markets readjusting their expectations of the Fed’s rate-hike path. He predicted that gold will rally again once interest rates peak.

Адам Фиксор, Ул.. Louis Federal Reserve Bank President James Bullard said that America’s central bank should continue to raise rates amid persistent inflation. Other Fed representatives are also expected to comment ahead of the monetary authority’s decision in May.

журналист Лаура Шин опубликовала статью, в которой утверждается, что, despite the eurozone инфляция easing in March, core indicators remain high and members of the European Central Bank’s Governing Council заявил that Europeans are likely to see another interest rate increase after their meeting in early May. With the U.K. experiencing the highest inflation in Western Europe, the same can be expected from Bank of England as well.

What are your predictions about gold prices in the near future? Share them in the comments section below.

Любомир Тасев

Любомир Тасев — журналист из технически подкованной Восточной Европы, которому нравится цитата Хитченса.: «Быть ​​писателем — это то, чем я являюсь, а не то, что я делаю». Помимо крипто, блокчейн и финтех, международная политика и экономика — два других источника вдохновения.

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