Gold rises on expectations of Fed rate cut

Gold prices have risen due to strong market expectations for a Federal Reserve rate cut, which typically weakens the dollar and makes non-yielding assets like gold more attractive. Major financial institutions, including UBS, Commerzbank, Morgan Stanley, and Goldman Sachs, have identified anticipated Fed policy easing as a key driver boosting gold demand amid general economic uncertainty. Markets are currently pricing in a high probability of easing starting in December, supporting a broader upward trend for the precious metal, which is also being bolstered by increased holdings from central banks seeking hedges against global risks. Analysts project continued upward momentum for gold through 2026, supported by central bank demand and geopolitical factors.

(Source：Crypto Briefing)