Gold loses its allure? Forecast as of 14.06.2024

Lower demand from China, the Fed's reluctance to cut rates even as inflation cools, and lower geopolitical risks weigh on gold. Let's talk about these topics and make a trading plan for XAUUSD.Monthly fundamental forecast for goldChina's insatiable appetite for gold, the weakness of fiat currencies amid rate cuts by the world's leading central banks, and reduced geopolitical tensions were the key drivers that allowed gold to reach a record high in 2024 and gain 20% over the past 18 mon