Gold prices rise above $4100 per ounce as the hawkish stance of the Federal Reserve suppresses prospects

According to a report by JinShi, gold prices have rebounded above $4100 per ounce, supported by the weakening of the US dollar and geopolitical tensions in the Middle East. The rise in energy prices strengthens market expectations for the Federal Reserve to maintain high interest rates or raise interest rates. The minutes of the Federal Reserve's mid June policy meeting showed a hawkish shift within the committee, with Kaitou macroeconomist Thomas Ryan stating that the meeting minutes reiterated that the door to a September rate hike remains very open.