09/16/2022
The gold (GC) futures price has decreased by $400 per ounce, or 19.45%, in the last six months. There has to be a reason behind such a significant loss in such a short time. The Federal Reserve raised interest rates starting in March and continuing until September 15, which is the time it took for gold to lose about 20% of its value.
The journey began with the CPI at 9.5%, a 41-year inflation-high. To effectively start lowering the exceptionally high level of inflation, the Fed increased rates quickly.
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The gold (GC) futures price has decreased by $400 per ounce, or 19.45%, in the last six months. There must be a reason behind such a loss.