Gold Resilient as Safe-Haven Demand Counterbalances Rising Dollar Gold prices remained stable Wednesday, balancing between geopolitical tensions that boosted its safe-haven appeal and a strengthening U.S. dollar that typically diminishes gold’s attractiveness to investors holding other currencies. Despite fluctuating conditions, spot gold was flat at $2,315.98 per ounce by midday GMT, while U.S. gold futures saw a minimal decrease of 0.01% to $2,324.00. The dollar’s recovery, influenced by speculation about potential Federal Reserve rate cuts, contrasts with the ongoing uncertainty regarding inflation and the Fed’s future monetary policy. With traders estimating a 65% likelihood of a rate cut by September, gold’s status and pricing reflect a complex interplay of market forces and economic indicators. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Silver to $50? It Could Happen Sooner than You Think READ MORE Gold plummets to near $2,400 as profit-booking kicks in, US Dollar advances READ MORE Fed Chair Balances Inflation Fight with Economic Growth in Congressional Testimony READ MORE Major Banks See Deposit Costs Surpass Interest Earnings Amid Rising Rates READ MORE Unemployment Claims Reach 10-Month Peak as Economy Slows READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment