Next Week's Macro Outlook: US-Iran Ceasefire Still Uncertain, PCE and Fed Officials on Deck, Gold's Troubles Not Over

CoinFeed, June 20 – This week, the market narrative repeatedly shifted between cooling geopolitical risks and a hawkish pivot from the Federal Reserve, with the optimistic sentiment not fully sustained. Gold was among the assets under the most pressure this week. Affected by a stronger US dollar, rising real yields on US Treasuries, and hawkish signals from the Fed, spot gold extended its correction, falling for a third consecutive week.