Gold Resilient as Safe-Haven Demand Counterbalances Rising Dollar Gold prices remained stable Wednesday, balancing between geopolitical tensions that boosted its safe-haven appeal and a strengthening U.S. dollar that typically diminishes gold’s attractiveness to investors holding other currencies. Despite fluctuating conditions, spot gold was flat at $2,315.98 per ounce by midday GMT, while U.S. gold futures saw a minimal decrease of 0.01% to $2,324.00. The dollar’s recovery, influenced by speculation about potential Federal Reserve rate cuts, contrasts with the ongoing uncertainty regarding inflation and the Fed’s future monetary policy. With traders estimating a 65% likelihood of a rate cut by September, gold’s status and pricing reflect a complex interplay of market forces and economic indicators. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Treasury Yields Drop as Inflation Data Bolsters Rate Cut Hopes READ MORE Gold Prices Poised for Weekly Gain Ahead of Fed Decision Catalyst READ MORE U.S. Banks Face Dual Challenges: Weakening Loan Quality and Declining Interest Payments READ MORE Gold Prices Rangebound Ahead of Key U.S. Inflation Data, Fed Decision READ MORE Tax Season and Rising Debt Costs Push U.S. February Deficit Wider READ MORE Add a Comment Cancel replyYour email address will not be published.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