Gold prices have rallied to record highs, driven by expectations of interest rate cuts by the Federal Reserve as recession concerns rise. While some risk exists around the timing of the Fed’s decision, gold has proven to be a reliable “all-weather hedge,” according to experts.
Demand for gold remains strong globally, with central banks playing a significant role. Speculative trading, rather than physical bullion purchases, has largely fueled recent price increases. However, any unexpected moves by the Fed could prompt a pullback, allowing long-term investors to capitalize on lower prices.
Gold’s an ‘all-weather hedge against whatever happens next’ as Fed decision nears
Sep 13,2024
Article from MarketWatch by Myra P. Saefong
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