Gold Nears Record High as Inflation Report Boosts Rate Cut Odds The June 2024 inflation report, showing a decrease to 3% year-over-year, has significantly increased market expectations for Federal Reserve interest rate cuts. This data has led to a surge in rate cut bets, with the probability of a September cut rising to 91%. As a result, investors are flocking to interest-rate-sensitive assets, including Treasury bonds, low-yield currencies like the Japanese yen, and gold. The market reaction includes falling Treasury yields, a weakening U.S. dollar, and gold prices approaching all-time highs. This shift in sentiment suggests that investors are increasingly confident that the Fed’s inflation target is within reach, potentially leading to multiple rate cuts by the end of the year. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Saudi Arabia Joins China-Led CBDC Project for Cross-Border Trade READ MORE Oil Prices Fall as Global Demand Concerns Eclipse Supply Fears READ MORE BofA Sees 75 bps Q4 Cut as Fed Signals Easing Cycle READ MORE Recession Mentions in Earnings Calls Fall as Economic Outlook Improves READ MORE Surprise CPI Drop Propels Gold Prices Towards All-Time Highs READ MORE Add a Comment Cancel replyYour email address will not be published.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