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.
