Gold prices started the new week below 2000 USD. Concerns were somewhat alleviated when German Chancellor Olaf Scholz stated that "Deutsche Bank is a profitable bank, there is no need to worry". The body-oriented statements of the FED officials, who also gained influence and the continuation of the tightening, suppressed gold prices to some extent. Despite this, the liquidity crisis and geopolitical risks in the banking sector remain on the table. We see that for the new week's accumulation US bond yields are at 3.40% with a moderate increase. This rise limits purchases of precious metals such as gold in a short time. According to long-term gold prices, we have seen a movement in recent weeks. The rallies below: The times when the market lived where the Fed's rate hike cuts were over. The fairy tale supports the expectations that the FED will no longer increase interest rates and that we may begin to give birth after a while.
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