GOLD - Heavy loss when short-term investment

Last week, the world gold price was negatively affected by the "hawkish" policy of central banks and the firm stance of Federal Reserve Chairman Jerome Powell on two more rate hikes. in this year.

The decline in gold prices is in line with the prospect of rising interest rates. The USD started to strengthen, after Mr. Jerome Powell confirmed that interest rates might increase in the near future.

Gold prices are falling after the central bank tightens monetary policy. The global growth outlook is being cut. That could trigger a safe-haven trend back into the USD, but not gold.