Gold prices fell below $4,000, analysts say the market is concerned about high interest rate risks

According to Jinshi reports, gold prices have fallen below $4,000 per ounce and are expected to record a weekly decline of over 3%. The escalating hostilities between the United States and Iran have heightened market concerns, with rising energy prices potentially keeping inflation elevated and prompting the Federal Reserve to raise interest rates.

Soojin Kim, an analyst at Mitsubishi UFJ Financial Group, stated that recent price trends indicate that the market is placing greater emphasis on the possibility that U.S. interest rates will remain high for a longer period, rather than the traditional safe-haven demand for gold.