Gold Prices Expected to Rebound as Central Banks Maintain Demand Gold experienced a sharp sell-off at the start of the week due to recession fears in the U.S., but it is expected to recover amid ongoing geopolitical uncertainties and potential interest rate cuts by the Federal Reserve. Despite the recent drop, gold remains up 15% for the year, driven by central bank purchases and strong demand from Asian consumers. The focus remains on the Fed’s rate decisions, as lower rates could boost gold’s appeal. Central bank buying continues, though China’s purchases have slowed. Gold prices are projected to peak in the fourth quarter, supported by geopolitical tensions and central bank demand. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Fed’s Operating Losses Grew to Record $114.3 Billion in 2023 READ MORE Global Air Travel in Turmoil as CrowdStrike Outage Continues READ MORE Fed's Kashkari Stresses Need for Significant Inflation Progress Before Rate Cuts READ MORE Recession Predicted for 2024 by Economist Cam Harvey READ MORE Should I Buy Silver or Gold? Which Performs Best In a Crisis? READ MORE Add a Comment Cancel replyYour email address will not be published.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