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 China's Leadership Mulls Market Rescue Measures Amid Stock Crisis READ MORE Economists Put Recession Odds at 40% READ MORE Analysts Predict Brighter Prospects For Gold Ahead in 2024 READ MORE China's Gold Market: Investment Up, Jewelry Down in Second Quarter READ MORE Treasury Yields Drop as Inflation Data Bolsters Rate Cut Hopes READ MORE Add a Comment Cancel replyYour email address will not be published.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