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 April CPI Report Shows Inflation Easing, But Consumer Prices Up 3.4% Year-Over-Year READ MORE Dollar Strengthens Against Yen Despite Japan's Intervention Threats READ MORE Federal Reserve Signals Economic Pivot with Anticipated Rate Reduction READ MORE Silver Institute: Global Silver Demand Forecasted to Rise to 1.2 Billion Ounces In 2024 READ MORE Oil Prices Recover Slightly Amid OPEC+ Supply Concerns READ MORE Add a Comment Cancel replyYour email address will not be published.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