The precious yellow metal has staged the expected bullish breakout above its former all-time high of US$3,500 printed on 22 April 2025. Gold (XAU/USD) rallied by 5.3% to hit a current fresh intraday record high of US$3,655 at the time of writing. Gold (XAU/USD), as a non-interest-bearing asset, tends to benefit in lower-rate environments. A decline in interest rates reduces the opportunity cost of holding gold, thereby supporting stronger demand. This dynamic can reinforce bullish momentum, potentially creating a positive feedback loop that drives further price appreciation. Since Fed Chair Powell’s dovish speech at ... (full story)