Gold experienced a sharp sell-off at the start of the week due to recession fears in the U.S., but it is expected to recover amid ongoing geopolitical uncertainties and potential interest rate cuts by the Federal Reserve. Despite the recent drop, gold remains up 15% for the year, driven by central bank purchases and strong demand from Asian consumers. The focus remains on the Fed’s rate decisions, as lower rates could boost gold’s appeal. Central bank buying continues, though China’s purchases have slowed. Gold prices are projected to peak in the fourth quarter, supported by geopolitical tensions and central bank demand.
