June Gold News 2023

The Bank of England took further steps to bring down inflation today, with a bigger than expected hike to UK rates.

Gold and silver have both seen their prices fall this week on news that the Federal Reserve have paused their rate hikes for now, but warned further hikes will likely still be needed.

In what has already been a difficult year for cryptos, the Securities and Exchange Commission (SEC) in the US has sued Coinbase Inc, America’s largest crypto exchange by trading volume. The news has seen both Coinbase shares, and crypto values in general fall.

As we head into June, and approach the halfway point of the year, we’re taking a look at the current outlook for the gold price; what is driving current trends and what might the gold price do in the near-term.