Weekly Commodities Fundamental Report – 22 September 2023

26 September 2023
1 min read
by Angel One
Weekly Commodities Fundamental Report – 22 September 2023

Gold: Gold prices continued to face downward pressure as the U.S. Federal Reserve signaled a more hawkish stance in response to economic data suggesting a robust recovery. The prospect of future rate hikes and a commitment to tighter monetary policy through 2024 diminished gold’s appeal as an inflation hedge.