📈 Gold Tops $4,610 as Rate Cut Bets Grow & Safe-Haven Demand Returns
Gold climbed firmly above $4,610/oz on Wednesday, lifted by cooler U.S. inflation data and rising uncertainty in markets. Here’s what’s moving the needle:
👇 Softer Inflation = Dovish Fed Outlook
Recent figures show core inflation cooling gradually—easing worries over persistent price pressures. Markets are now pricing in 2–3 rate cuts this year, up from just one in earlier Fed projections. Lower rates tend to boost non-yielding assets like gold, and that support is holding strong.
🛡️ Safe-Haven Demand Picks Up
Risk-off sentiment is rising on two fronts:
🔹 Concerns over Fed independence after a criminal inquiry was launched tied to Chair Powell’s June testimony.
🔹 Geopolitical tensions remain high, especially around Iran, following renewed U.S. warnings.
Together, these are reinforcing gold’s role as a hedge against economic, political, and global instability.
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Are you watching gold as a safety play—or trading the rate cut momentum? 🤔
