Looks like we’ll see a lot of changes Gold prices during 2022Where gold awaits US interest data, as well as inflation indicators that have a direct impact on prices, as gold is considered a means of hedge with high inflation rates, as well as economic, investment and commercial activity in the world will have a major factor in charting the movement of gold.
The three-sided triangle “inflation, interest, gold” will have the largest share of talk during this month and March 2022, as everyone awaits the results of the US Federal Reserve’s decisions regarding moving interest towards the upside, which may push gold to lose nearly $ 100 on the stock exchange. Globalism.
Expectations to raise US interest rates have limited the gains for gold during the current period, as the US Federal Reserve is heading to raise the interest rate in two stages, the first during the current year, and it includes raising interest twice, and the second over the course of 2023 and 2024 by raising interest 6 times, bringing the total interest rate to 8 times. by 2024.
And gold declined as its attractiveness as a hedge once morest inflation dissipated following the rise in consumer prices in America, which reinforced expectations that the US Federal Reserve will raise interest rates next month.
Gold rose regarding 1.1% this week, as fears of inflation and geopolitical tensions increased the demand for safe assets, in addition to increasing pressure on the US Federal Reserve to act decisively in the face of inflation, following an unexpected big jump in consumer prices in the United States.