Gold defies expectations, climbing steadily despite a September rate cut as investors seek safe haven amid market volatility; tightening supply and sustained demand bolster prices, challenging traditional rate-price dynamics.
As gold’s mid-term uptrend begins its countdown, market analysts are closely monitoring key resistance levels. Continued economic uncertainty and inflation concerns may support further price increases, signaling potential bullish trends ahead.
Gold-backed tokens are experiencing a downturn, showing underperformance as traditional markets rally. Meanwhile, Wall Street analysts are urging investors to consider dip buying in physical gold, suggesting a potential shift in asset preference amidst economic uncertainty.