Money & Investing
Gold prices fall sharply, investors face a new shock
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Gold prices plummeted below $4,000/ounce as the USD strengthened and expectations of the Fed maintaining high interest rates continued to rise.
Gold price update at the closing session on June 25: World gold shows signs of reversal
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Gold price update at the closing session on June 25: World gold slightly increased. Domestically, SJC gold bars and gold rings simultaneously decreased.
13-month savings interest rate hits 8.9%
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The highest 13-month term savings interest rate in the banking system is 8.9%/year.
Gold prices slide nearly 30%, the 4,000 USD mark is not a stopping point
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Gold prices continue to face pressure as the USD strengthens and the market increasingly believes the Fed will raise interest rates this year.
Gold prices lose resistance, investors hold their breath waiting for signals from the Fed
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World gold prices lost the important resistance level of 4,000 USD/ounce, under pressure from the strong USD increase as investors waited for interest rate policy signals from the Fed.
