Federal Reserve System, Gold
Digest more
Gold erased its gains this year as robust US jobs data fueled bets that the Federal Reserve will likely raise interest rates this year, a headwind for the precious metal.
Gold prices have been struggling but will eventually break out of their current consolidation phase, Commerzbank commodity analyst Carsten Fritsch said.
Gold prices plummet as strong US jobs data fuels expectations of Fed rate hikes, impacting bullion and bond markets.
By Anjana Anil and Anmol Choubey May 27 (Reuters) - Gold prices fell to a two-month low on Wednesday, pressured by expectations of tighter monetary policy to fend off rising inflation, with no clear end in sight to the U.
Commerzbank cut its 2026 gold price target to $4,800 but kept 2027 at $5,200. Here is analyst Carsten Fritsch's reasoning and what it means for gold investors.