Gold May Face Pressure This Year Due to Uncertainty in Federal Reserve Actions

Hamad Hosseini, an economist at Capital Economics, assessed on October 16 that gold prices may gradually decline for the remainder of the year due to factors including the Federal Reserve's continued interest rate hikes and market concerns over the end of the artificial intelligence boom. Bart Melek, global head of commodity strategy at TD Securities, stated that gold remains within a range, leaning towards the lower support area, primarily due to significant uncertainty regarding the Federal Reserve's next steps.

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