World Gold Council: Gold Prices Flat in July, Future Trend Depends on Real Interest Rates, US Dollar, and Central Bank Response

TechFlow reports, August 6, World Gold Council: In July, positive momentum factors offset negative risk factors, keeping gold prices flat for the month. Looking ahead, a second wave of high inflation similar to the late 1970s cannot be ruled out. However, this itself does not mean gold will rise significantly; it depends on real interest rates, the US dollar, growth expectations, Asian investor demand, and how central banks respond. (Jin10)