World gold spot price stands around 2,321.6 USD/ounce World gold prices suddenly increased sharply after being "hurt" by a statement from a US Federal Reserve (Fed) leader that caused the USD to increase in price, taking away XAU's significant strength. The Fed keeping interest rates unchanged for a longer period of time may be enough to control inflation, and the Fed may even raise interest rates further if inflation continues to rise. Currently, investors are paying attention to the US May inflation report published later this month. They expect that after the report, the direction of gold will be clearer.
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