The Gold price is also unlikely to fall much lower, as US key interest rates will be reduced later than some had hoped, but they will fall.
The price of gold is influenced by various factors, including interest rates, inflation, geopolitical events, and overall economic conditions. If there is an expectation that key interest rates in the United States will be reduced, it could potentially support the demand for gold.
Gold is often considered a hedge against inflation, and when interest rates are low, the opportunity cost of holding non-interest-bearing assets like gold decreases. Investors may turn to gold as a store of value in such situations.
However, predicting the movement of gold prices is complex, and it can be affected by a multitude of global factors. It’s important to stay updated on economic indicators, central bank policies, and geopolitical developments to have a more informed perspective on the potential movements in gold prices. Always consider consulting financial experts or analysts for the most recent and accurate information.