Gold price continued its downward trend and is about to flash a death cross pattern as inflation jumps and top ETF outflows continued. It dropped to $4,540, down by 19% from its highest point this year. Gold Price Drops As ETF Outflows Continue And Risk RemainThese outflows have increased as odds that the Federal Reserve will cut interest rates ease. In a statement to Fox News, Jeff Gundlach, the billionaire founder of DoubleLine Capital, warned that it was not possible for the bank to slash rates this year. He said:
"It's just not possible, in my view, to cut interest rates when the two-year Treasury is almost 50 basis points higher than the Fed funds rate."
