what's the next move gold
$GOLD.US Gold Rallies Past $4,400: Hits Highest Level Since Early June
The primary catalyst for the surge is the receding market expectation of further interest rate hikes by the US Federal Reserve. Because gold is a non-yielding asset, a environment with lower interest rate expectations reduces the opportunity cost of holding bullion, making it substantially more attractive to global investors
$GOLD.US Gold Rallies Past $4,400: Hits Highest Level Since Early June
The primary catalyst for the surge is the receding market expectation of further interest rate hikes by the US Federal Reserve. Because gold is a non-yielding asset, a environment with lower interest rate expectations reduces the opportunity cost of holding bullion, making it substantially more attractive to global investors