Gold Price Reaches Monthly High on Federal Reserve Speculation
Gold prices have surged, hitting a monthly high as recent US Consumer Price Index data came in line with analysts’ expectations. This strong performance has sparked market speculation about a potential interest rate cut by the Federal Reserve in December, driving demand for gold as a non-yielding asset.
Investors are closely watching market signals that could impact gold’s appeal. A rate cut generally reduces the opportunity cost of holding gold, enhancing its attractiveness to investors. Given the current economic landscape, market participants expect gold to remain a favorable option for capital preservation and investment.
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