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 August Sees Surge in Consumer Optimism, Despite Labor Market Worries READ MORE Goldman Sachs Cautiously Optimistic About Stock Market Rally Despite Emerging Risks READ MORE DataTrek: Silver Undervalued Relative to Gold, Cyclical Gains Expected READ MORE JP Morgan's Warning Sparks Gold Rush READ MORE Gold and Silver Alert: Market Turmoil May Unlock Historic Buying Opportunity READ MORE Add a Comment Cancel replyYour email address will not be published.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