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 Powel Says Fed on Track to Cut Interest Rates 3 Times This Year READ MORE Dollar Rallies After Volatile Week; Yen Hovers Near Historic Lows READ MORE Bankrupt Crypto Lender Genesis Settles SEC Lawsuit READ MORE Insider Alert: Mike’s Made a Change to His Portfolio READ MORE Gold: A Surge Toward $2,400 Looks Imminent READ MORE Add a Comment Cancel replyYour email address will not be published.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