Gold Slips Despite Rising Global Tensions
From Yahoo Finance: 2025-06-20 15:18:00
Gold prices have slipped, marking the first weekly loss in nearly a month despite rising geopolitical risks. The Fed held rates steady but signaled two cuts are expected this year. Retail sales data was soft, and equities struggled. A stronger US Dollar may be capping gold’s rally. Despite global uncertainty, gold spot prices are down. The world may be heading towards a larger conflict in the Middle East, but gold has fallen. The Fed expects weaker US economic growth, which should benefit gold. The US Dollar’s safe-haven interest and gold’s extended rally may be factors. If gold doesn’t gain momentum soon, more aggressive liquidations may occur. Enjoy your weekend, traders!
Read more at Yahoo Finance: Gold Slips Despite Rising Global Tensions