Understanding the Third Consecutive Fall in Gold Prices Amidst a Potential Fed Rate Cut

Investors worldwide are confounded by the third consecutive day of falling gold prices, in stark contrast to the weak US economic data and the current anticipation of a Federal Rate Cut. The strength of the US dollar, despite weak economic data, has been inversely impacting gold prices. Increased bond yields are also taking a toll, with potential investors opting for more stable investments. Additionally, market speculations surrounding the Federal Rate Cut have influenced the sudden drop. Notwithstanding these circumstances, experts recommend cautious optimism, emphasizing the traditionally countercyclical nature of gold prices. Read More