Fundamental OverviewGold continues to make new highs as the correction from the repricing of the rate cuts ended last week. In fact, if you recall, despite the higher-than-expected inflation figures and a less dovish Powell, the market’s pricing remained largely unchanged at three rate cuts by the end of 2025.This is generally a signal that the market is fine with the pricing, and we would need stronger reasons to price out the remaining rate cuts. In the bigger picture, gold remains in a bullish trend as real yields will likely continue to fall amid the Fed’s easing cycle, but the short-term corrections will be triggered by a repricing in rate cuts expectations. Gold Technical Analysis – Da
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