星球日报|Mar 05, 2026 06:50
[Analyst: Strengthening Dollar May Continue to Pressure Gold Prices]
Odaily Planet Daily News – Phillip Nova analyst Priyanka Sachdeva stated in a report that the strengthening dollar may continue to exert pressure on gold prices. Despite the ongoing escalation of the Middle East conflict, the unexpected sharp rise in the dollar could prompt some investors to take profits on gold. With rising energy prices reigniting inflation concerns, market expectations for fewer rate cuts by the Federal Reserve this year are also increasing. She added that investors should consider factors such as the dollar's trend, the pace of gold purchases by central banks, and whether the Iran conflict further escalates when allocating gold. (Jin10)
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