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A stronger dollar and prospects of fewer U.S. interest rate cuts weighed on investor sentiment this week
Governor emphasized that interest rates are on a gradual downward path for the U.K.
Auction results for two-year, five-year, and seven-year notes will be announced next weekÂ
Lower Iranian supply and risk of wider disruption could push Brent crude above $90, said Goldman Sachs.
Gold, which hit a record high of $3,500 in April, has moved into a consolidation phase while awaiting the next potential bullish trigger
After keeping interest rates in the 4.25-4.50 percent range, Fed policymakers signaled that rate cuts are still likely to happen in 2025
Analysts predict gold prices could reach $3,700 per ounce by the end of 2025
The Fed is projected to maintain rates, but focus will be on Chair Powell's future cuts outlook
Geopolitical volatility in the Middle East comes as investors prepare for interest rate and policy decisions from key central banks this week
Fed's upcoming meeting may signal potential interest rate cuts amid economic uncertainty
Since the Fed's May policy meeting, the Trump administration has delayed its global tariffs until July
Further upside in gold prices is expected if tensions escalate further
