On May 4, the US Federal Reserve revealed the federal funds rate for the next two months. Even though a 50 basis points hike was widely expected, the future is not so clear. Let’s figure it out bit by bit!
Information is not investment advice
Apart from inflationary pressures, all other factors were serving as tailwinds to gold after reaching $2000 in August 2020. But inflation along with the slowing global economy are the factors that make gold shining brighter.
Gold is one of the most popular trading assets in the world, with a several age history and an unbelievably large market capitalization of $11 trillion.
Two issues will determine who will have the upper hand in 2022: gold or the US dollar…