US monetary policy pressures gold (opens original article in a new tab)

US monetary policy and potential interest rate hikes are pressuring gold prices, with analysts predicting possible declines to $3,600 an ounce or 55,000 baht per baht weight. Gold has fallen 9.41% in 30 days due to Middle East conflicts and rising oil prices, though central bank purchases remain strong with 244 tonnes bought in Q1.

• US monetary policy is a key pressure for gold prices, with potential for further declines if Fed raises rates
• Gold prices have fallen 9.41% over the last 30 days due to Middle East conflicts and rising oil prices
• Central banks globally purchased 244 tonnes of gold in Q1, with 89% expecting official reserves to rise