Money & Investing

Gold prices are under pressure as expectations of the Fed maintaining high interest rates overwhelm safe-haven demand from geopolitical tensions. Photo: Phan Anh

Fed overshadows geopolitical risks, becoming the main factor dominating gold prices

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Gold prices are under pressure as investors pay more attention to the Fed's tough stance, while geopolitical tensions are not supporting enough.

World gold prices fluctuate around the 4,000 USD/ounce mark, affected by US jobs data and Fed policy expectations. Photo: AI

Gold price update at the end of the session on July 1: Strong tug-of-war, affected by many directions

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Gold price update at the close of the session on July 1: Continuously fluctuating around the threshold of 4,000 USD/ounce in today's trading session.

Silver prices keep up while gold weakens, showing relatively better buying power in the white metal group. Photo: Khuong Duy

Silver price at the end of the session on July 1: Maintaining a positive tone

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Silver prices closed the session on July 1st in a positive tone even though gold prices are falling.

Cake by VPBank is listing the highest savings interest rate for a 6-month term at 8.2-8.7%/year. Photo: Thach Lam

Receive interest rates up to 8.2% when depositing savings from 5 million VND

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Cake by VPBank is listing the highest savings interest rate for a 6-month term at 8.2-8.7%/year.

Gold prices continue to face pressure as the USD and US bond yields rise, while the Fed maintains a tough stance on inflation. Photo: Phan Anh

Gold prices lose more than 24%, experts warn pressure is not over yet

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Gold prices continued to fall as the USD strengthened, the Fed issued a tough signal and technical indicators reinforced the downward trend.