Fed members expect three key rate hikes by the end of 2022. According to experts, this will negatively affect the gold market. The tumultuous start of the pandemic has propelled gold prices to record highs in 2020. However, in 2021, investors seem to have lost interest in the precious metal and no longer see gold as a safe haven for their capital. Gold traded in a tight range around $1,800 an ounce all year and ended it down 3.5%. According to Refinitiv, the decline in the price of gold was the most significant since 2015, when the metal quotes on COMEX collapsed by 10.4%. Over the past seven years, gold has fallen in price at the end of the year only once more - by 2.7% in 2018. And the maximum increase was recorded in 2020 - 24.6%. Is there any chance that in 2022 gold will regain investor interest and continue to storm the highs? Is gold no longer a hedge against inflation? One of the key factors behind the weakness in prices was the lack of interest from financial investors, ...
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