Gold Is Lifeless, Fed's Hawkish Words Strengthen US Dollar

<p>&nbsp;Today, the price of gold fell slightly following the rather hawkish statement of the Federal Reserve (Fed) and caused the market to review the issue of interest rate hikes.</p><p><br /></p><p>Now, the movement of gold demand is seen to be relatively slow and reduced due to concerns about the conflict in the Middle East (Israel-Hamas), it also causes investors to stop for a while.</p><p><br /></p><p>After a 10% surge in prices last October, gold was seen continuing to rise in early November. However, it continued to plunge to its lowest level this week.</p><p><br /></p><p><br /></p><p>However, gold prices managed to see some gains on Thursday after a disappointing Treasury auction. It prompted more bond sales and many traders turned to gold sales.</p><p><br /></p><p>So here it can be seen that the US dollar this week has seen a strengthening following the recent hawkish statements.</p><p><br /></p><p>Fed Chairman Jerome Powell has warned that the US central bank will tighten monetary policy by raising interest rates if inflation continues to rise.</p>