XAUUSD
1/ US Fed's Interest Rate Stance: Neal Kashkari's remarks on maintaining a high interest rate amidst rising inflation could bolster the US dollar
2/ Middle East Tensions: Israel's limited operation in Rafah has stalled the upward momentum of gold prices, indicating a temporary halt in geopolitical concerns
3/ Impact of Interest Rate Uncertainty: Gold prices decline amid uncertainty about central banks' plans to reduce interest rates, with the rise of the dollar further contributing to gold's fall
4/ Global Debt Levels: Record-high global debt levels reaching $315 trillion could potentially raise concerns about economic stability, prompting investors to seek safe-haven assets like gold
5/ Central Banks' Gold Purchases: The substantial increase in gold purchases by global central banks, exceeding 1,000 tons in a year, suggests a hedging strategy amid economic uncertainties, potentially reflecting concerns about currency stability
6/ Perception of Central Banks' Confidence: The significant gold acquisitions by central banks could indicate a loss of confidence in traditional currencies, prompting investors to reevaluate their portfolios