【Analyst: A Stronger Dollar May Continue to Suppress Gold Prices】

Odaily Planet Daily reported that analyst Priyanka Sachdeva from Phillip Nova stated in a report that a strengthening dollar could continue to put pressure on gold prices. Despite the ongoing escalation of conflicts in the Middle East, the unexpected sharp rise in the dollar may prompt some investors to take profits in gold. As energy prices rise, inflation concerns are reignited, and 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 trend, the pace of central bank gold purchases in various countries, and whether the Iran conflict will escalate further when allocating assets in gold. (Jin10)