Fed policy outweighs geopolitical risks, China purchases as gold forecasts retreat: survey

The US Federal Reserve's monetary policies have become the main factor influencing gold price forecasts, surpassing concerns about geopolitical tensions and China's gold purchases. This shift in influence means that investors are now more focused on the Fed's actions, such as interest rate decisions, than on global events or China's economic activities. As a result, gold price forecasts have retreated, indicating a decrease in investor expectations for the precious metal's value. This development is significant for markets as it highlights the Fed's growing influence on global economic trends.

Read the source report: South China Morning Post