Three Factors Behind Gold's Recent Rally

From cmegroup.com

Gold prices have been rising , recently rallying to record highs. What's behind this rally, and how long could it continue? There are the three primary factors driving the yellow metal. video 1. Expectations of Fed Rate Cuts As of early April, Fed Funds futures priced in a significant probability of further rate cuts by the Federal Reserve later in 2025. Lower interest rates typically make holding fiat currencies, such as the U.S. dollar, less attractive relative to hard assets like gold. If the Fed follows through with these cuts or more than expected, this could fuel gold’s rally. Conversely, if the Fed stays ... (full story)