Gate News, April 6, Sky Links Capital CEO Daniel Takieddine said that as market expectations for a Federal Reserve rate cut weaken, the upside potential for gold may be limited. Strong U.S. labor market data supports U.S. Treasury yields (U.S. government bond investment returns), putting pressure on gold. Continued diplomatic efforts have supported market expectations that the Middle East conflict could be resolved, further increasing uncertainty about gold’s outlook. However, geopolitical risks outside the Middle East and continued gold purchases by central banks in various countries are still providing support for the gold price. He added that gold’s near-term performance will depend on the upcoming U.S. economic data, signals from Federal Reserve policy, and developments in the geopolitical situation.
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