Gold prices may get buoyed by a spike in Fed rate cut bets if US GDP data reinforces the notion that the world’s largest economy is slowing down and requires accommodative monetary policy. Market participants may then further pile on aggressive rate cut bets and push bond yields lower, making the appeal of holding a non-interest-bearing asset – like gold – comparatively more appealing. Since February, US economic data has been tending to underperform relative to economists’ expectations. Ongoing US-China trade war negotiations have severely hampered cross-border investment. That has put a sour taste in the mouths of ... (full story)