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Gold prices, inflation, and U.S. Federal Reserve decisions

After last week's release of U.S. inflation data, it was evident that the rate remained elevated, though it had decreased slightly compared to the previous month.

Financial market analysts expected this decline to result in a drop in the dollar index, anticipating that bank interest rates would be lowered soon. However, inflation remains significantly above the Fed's target.

This week, following the release of the Federal Minutes, it became clear that the Federal Reserve is determined to keep interest rates higher for a longer period than initially anticipated. Consequently, the price of gold dropped significantly, while the dollar index saw a sharp increase.

Dr. Kamaran Qader Yaqub,
Financial Consultant at Investment Spot company. 

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