Analyst: Market Concerns About Federal Reserve Rate Cut Path Intensifying, Gold Poised to Record Weekly Decline

SmartContractAuditor · 2026-03-13T07:51:17+00:00

Odaily Planet Daily News: Friday, New York gold futures fell below $5,100 per ounce, with the week on track to record a weekly decline. A stronger dollar, rising oil prices, and uncertainty surrounding Federal Reserve policy have weighed on gold prices. ANZ Bank analysts stated: "The dollar is strengthening due to its safe-haven status, particularly as rising oil prices benefit the U.S. as a net energy exporter. Market concerns about the Federal Reserve's rate-cut path are intensifying, and rising oil prices increase the likelihood of inflation pressures re-emerging." (Kinten)

SmartContractAuditor

2026-03-13 07:51:17

Odaily Planet Daily News: On Friday, New York gold futures fell below $5,100 per ounce, likely recording a weekly decline. A strong dollar, rising oil prices, and uncertainty over Federal Reserve policies have pressured gold prices. ANZ Bank analysts stated, “The dollar has strengthened due to its safe-haven status, especially as rising oil prices benefit the United States as a net energy exporter. Concerns about the Fed’s rate cut path are increasing, and rising oil prices have heightened the possibility of inflation re-emerging.” (Jin10)

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