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 Royal Mint Reports 7% Growth in Investor Numbers, Driven by Gold Demand READ MORE UAE Halts Operations at 32 Gold Refineries to Combat Money Laundering READ MORE China's $170 Billion Gold Accumulation Stirs Taiwan Conflict Fears READ MORE Billionaire Investor Palihapitiya: Misleading GDP Components Mask Economic Downturn READ MORE Gold Defies Market Trends as Investors Flock to the Metal READ MORE Add a Comment Cancel replyYour email address will not be published.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