Gold Prices Dip as Expectations of Fed Rate Hike Intensify

Gold prices have been declining recently due to the possibility of interest rate hikes by the Federal Reserve. The upcoming meeting of the Federal Open Market Committee (FOMC) on July 26 is eagerly awaited by market participants for the central bank's decision.

The latest minutes from the previous FOMC meeting showed increasing sentiment among Federal Reserve officials in favor of a 0.25% interest rate increase. This article explores the factors contributing to the decline in gold prices and highlights key events that may shape the Federal Reserve's decision.