Yardeni Research has urged the Federal Reserve to adopt a more restrictive stance, citing strong economic growth and persistent inflation risks. The Fed maintained its target rate between 3.50% and 3.75% during its 2026 meetings, while forecasting solid GDP growth and elevated inflation. Markets anticipate that tighter monetary policy would strengthen the U.S. dollar, exerting downward pressure on gold prices. The probability of gold reaching $4,700 in August currently stands at 6%, down from previous expectations.
Source: Read the original article
