Gelonghui May 22| Mark Yaxley, CEO of gold dealer Strategic Wealth Preservation: So far this weekpennfierceiiilivelinerreel, the rise of precious metals has temporarily stopped. Investors are taking profits, which ispennfierceiiilivelinerreelThey have been waiting for it for a long time, especially silver investors. Less favorable U.S. economic data, expectations of a weaker dollar and expectations of a Federal Reserve interest rate cut have driven the previous rise in metal prices. Federal Reserve Chairman Powell is now hinting that interest rates will be cut for the first time in September. Investors should continue to pay close attention to the macro trends of escalating regional conflicts and central bank buying gold, as the current pause in gold and silver gains may be short-lived.
