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Profit‑Taking Stalls Gold Rally Despite Bullish Fed Rate‑Cut Bets
After a strong rally earlier this week on expectations of a U.S. rate cut, gold prices slipped as traders booked profits — even though rate‑cut speculation remains elevated.
Spot gold closed at US $4,198.69/oz on Friday, down about 0.24% for the day, retreating from intraday highs near US $4,259.34.
The sell‑off came despite persistent market bets that the Federal Reserve (Fed) will cut interest rates soon.
U.S. inflation data cooled slightly and labour‑market signals remained mixed, giving some support to dovish expectations — but not enough to prevent short‑term profit‑taking.
The dip appears technical rather than a breakdown — gold remains structurally supported by dovish Fed expectations, central‑bank demand and macro uncertainty. That said, until fresh catalysts — like upcoming economic data or rate‑cut confirmation — surface, gold may trade in a consolidation range.
#GoldRally #FedBets #ProfitTaking #MacroMarkets $PAXG
After a strong rally earlier this week on expectations of a U.S. rate cut, gold prices slipped as traders booked profits — even though rate‑cut speculation remains elevated.
Spot gold closed at US $4,198.69/oz on Friday, down about 0.24% for the day, retreating from intraday highs near US $4,259.34.
The sell‑off came despite persistent market bets that the Federal Reserve (Fed) will cut interest rates soon.
U.S. inflation data cooled slightly and labour‑market signals remained mixed, giving some support to dovish expectations — but not enough to prevent short‑term profit‑taking.
The dip appears technical rather than a breakdown — gold remains structurally supported by dovish Fed expectations, central‑bank demand and macro uncertainty. That said, until fresh catalysts — like upcoming economic data or rate‑cut confirmation — surface, gold may trade in a consolidation range.
#GoldRally #FedBets #ProfitTaking #MacroMarkets $PAXG
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