Gold Soars: Rate Cuts, Inflation, and Central Bank Buying

Gold prices are soaring to record highs, fueled by expectations of Federal Reserve rate cuts and a weakening US dollar. Investors are eagerly awaiting inflation data, which could either propel gold even higher or trigger a short-term correction. Despite potential pullbacks, gold's long-term outlook remains strong, supported by economic uncertainty and unprecedented central bank buying, marking a significant shift away from US Treasurys. Hosted on Acast. See acast.com/privacy for more information.