Fed, interest rate
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With gold prices high and a new Fed meeting slated for this week, here's what investors should be considering now.
A Fed study reviewed gold revaluations by five countries but ignored U.S. examples or potential debt relief via revaluation, despite rising interest in the idea amid dollar weakness.
Gold rose on Wednesday, lifted by a weaker dollar and falling Treasury yields, as mild U.S. inflation data cemented expectations for a Federal Reserve rate cut in September and nudged up bets on additional easing later this year.
Gold and silver hold key supports as traders await U.S. CPI data and Fed policy signals that could trigger breakout moves in precious metals markets.
Gold’s recent rally to near-record highs has entered a consolidation phase after peaking above $3,400. The pullback was accelerated by profit-taking and easing tariff fears after U.S. officials clarified that imported gold bars would not face tariffs.
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