Gold prices have strengthened again amid growing expectations of a US interest rate cut. Recent economic data showing slowing activity and controlled inflation has further strengthened market speculation that the Fed will ease monetary policy in the near future. This has prompted investors to turn to safe-haven assets like gold, whose value tends to stabilize when interest rates fall.
In addition to monetary policy factors, political uncertainty resulting from the US government shutdown has also been an additional catalyst for gold's rally. Concerns over fiscal direction, inflation risks, and a weakening labor market have increased demand for the precious metal as a hedge. With this combination of macroeconomic factors and political turmoil, gold has managed to maintain its upward momentum and continue to attract global investors.
Source: Newsmaker.id
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