Analysis: If the Fed Rate Cut Expectation Falls Short, Gold Price May Come Under Pressure

BlockBeats News, October 14th, Vincent Zhou, Global Chief Investment Officer of WS Group, stated that a major driver of gold's recent rise comes from the market's expectation of further interest rate cuts by the Federal Reserve, which has increased gold's attractiveness relative to fixed-income assets. Recently, the price of gold broke through the $4000 per ounce mark for the first time, with a year-to-date gain of over 50%. Silver has also surged, outperforming gold even this year. However, if circumstances change, such as if inflation does not slow as expected, the gold price could face pressure. (FX678)