Gold Rebound Fueled by Fed Cut Bets and Trade War Fears

From puprime.com

Gold prices rebounded strongly as the U.S. dollar weakened and concerns about global economic growth intensified. A double blow from higher-than-expected U.S. inflation data and renewed fears over the escalating U.S.-China trade war drove investors toward safe-haven assets. Growing expectations that the Federal Reserve may begin cutting interest rates have also increased gold’s appeal as a hedge against both inflationary pressure and geopolitical risks. From a technical perspective, gold is trading higher and is currently testing the resistance level of 3225.00. The MACD indicator reflects increasing bullish ... (full story)