Is it Gold correcting?
Gold prices hit record high above 3,050 USD as Fed maintains rate cut outlook by benefiting from a softer dollar as the Federal Reserve still signaled at least two more interest rate cuts this year.
And also benefiting from heightened safe haven demand due to the collapse of the Israel-Hamas ceasefire, sluggish Russia-Ukraine peace negotiations, and increased uncertainty over the U.S. economy under President Donald Trump.
Gold prices hit record high above 3,050 USD as Fed maintains rate cut outlook by benefiting from a softer dollar as the Federal Reserve still signaled at least two more interest rate cuts this year.
And also benefiting from heightened safe haven demand due to the collapse of the Israel-Hamas ceasefire, sluggish Russia-Ukraine peace negotiations, and increased uncertainty over the U.S. economy under President Donald Trump.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.