Gold Rebounds on Rate Cut Expectations and Safe-Haven Appeal Gold prices rose on Wednesday, driven by safe-haven demand and increasing expectations of a U.S. Federal Reserve interest rate cut as early as September. The precious metal gained support from geopolitical tensions and a looser monetary policy outlook, despite closing lower in the previous four sessions. Traders now see a 100% chance of a rate cut in September, with nearly 105 basis points of cuts anticipated by year-end. Gold’s non-yield-bearing status makes it attractive in a low-interest-rate environment, while strong central bank buying has also contributed to its positive performance in 2024. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Investment Giants Turn to Gold as Hedge Against Economic Uncertainties READ MORE Gold Hits Record $2,400 as Middle East Tensions Heighten READ MORE Russia Leads BRICS in Doubling Down on Gold to Dethrone the Dollar READ MORE U.S. Job Growth Disappoints in April, Unemployment Ticks Up to 3.9% READ MORE Southeast Asian Consumers Turn to Gold as Economic Shield READ MORE Add a Comment Cancel replyYour email address will not be published.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