Gold Prices

Why Gold Prices Are Dropping and What to Watch Next

I’ve been keeping an eye on gold prices lately, and wow, they’ve taken a bit of a hit! As we head into the European tradingsession, gold (XAU/USD) is sitting well below $3,300, actually touching a one-week low this Wednesday. So, what’s causing this dip? Let’s break it down in simpleterms.

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US Federal Reserve

US Federal Reserve Will Likely Keep Interest Rates the Same

The Federal Reserve, which controls money in the US, will probably not change interest rates on Wednesday. They want to learn more about President Trump’s new trade plans before deciding anything. This might upset some people, including the president, who want the rates to change soon.

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Gold coins

Gold Price Rises Near $3,272 as US Recession Fears Grow

Gold price (XAU/USD) is up around $3,272 in early Asian trading on Monday. People are worried about a US recession and trade problems between the US and China. This makes gold, a safe-haven asset, more popular. Later today, the US ISM Services PMI for April will be important news.

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