Gold price today: update the latest situation

This week, concerns are growing that the Federal Reserve (Fed) will keep interest rates high for longer than expected, causing significant damage to gold as prices end the week near a five-month low.

While there is still optimism that gold could rebound later this year, analysts are warning investors that there have been many short-term technical losses and the precious metal may continue to decline next week.

Despite signs of a slowing Chinese economy, precious metals have not received much attention from investors. The increase in bond yields, reaching a 15-year high on Thursday, has become a significant obstacle for gold.