Originally, we expected two rate cuts this year, but now even one rate cut seems uncertain. The Federal Reserve is not even considering rate cuts until early next year, and if the situation deteriorates, rate hikes could happen by the end of this year. If the Federal Reserve continues to raise rates consecutively, the gold rally would be completely over.
98% are bearish on gold...
Originally, we expected two rate cuts this year, but now even one rate cut seems uncertain. The Federal Reserve is not even considering rate cuts until early next year, and if the situation deteriorates, rate hikes could happen by the end of this year. If the Federal Reserve continues to raise rates consecutively, the gold rally would be completely over.