Who Is Driving This Gold Rally?
@Invesight Fund Management:
After a week of consolidation, gold $ETFS Physical Gold(GOLD.AU)$ brushed off the “risk” of the FOMC rate decision and surged to a fresh record high on Monday night, reaching as high as $3,688/oz. The key question now: when will this rally peak? The answer depends largely on what is driving this move — and who is buying. Understanding these factors helps us determine where we are in the gold cycle. Short-Term Drivers The recent rally is not hard to explain. The main short-term catalysts are: Pricing in a September Fed rate cut Uncertainty around Trump’s policies and tariffs Falling U.S. Treasury yields Geopolitical risk premium Inflation hedging Among these, the September rate cut expectation and policy/tariff uncertainty under Trump are the mo