Commodities
Gold Slumps Below $4,350 as Hawkish US Policy Shifts Weigh
Gold futures have pulled back to around $4,350 as investors reassess their bets on US monetary policy. The metal had been struggling to break above the psychological threshold of $4,700.
The recent shift in interest rate cut trajectories has introduced volatility into non-yielding bullion, with markets remaining hyper-sensitive to incoming US inflation prints and employment data.
Despite this, structural demand from global central banks diversifying reserves away from fiat alternatives continues to provide a safety net under market pullbacks.
Major institutional forecasts remain broadly constructive, with prominent Wall Street forecasts targeting figures pushing toward the $5,000 to $6,000/oz range over a multi-quarter horizon.