Gold Could Retreat Further as Momentum Fades, WGC Says
The latest insights from the World Gold Council suggest that gold prices may face additional downside as the current momentum diminishes. This outlook comes amid conflicting signals from the U.S. Treasury Department and the Federal Reserve, which have created a complex environment for the precious metal. According to council analysts, the Treasury appears to favor lower yields, signaling a desire to keep borrowing costs subdued. Conversely, the Federal Reserve is focused on tightening monetary policy to curb inflation, even if that means risking economic growth. These conflicting goals have created a delicate balancing act. The Fed’s more aggressive stance, especially after Federal Reserve Chair Warsh's hawkish comments last week, has sparked market reactions. The sharp increase in the two-year…
