Gold remains under pressure in the short term

The positive progress made by the US public debt ceiling before its due date on June 1 has caused a rapid decline in the value of gold.

The precious metals market is currently waiting for the US Federal Reserve to adjust its interest rates. Recent macroeconomic data from the US shows an unexpected increase in inflation, which has led to speculation about whether the Fed will maintain its tough stance on interest rates. As a result, the USD is expected to strengthen after the Fed raises interest rates, causing the price of gold to w