*Gold Pulls Back After Record Highs — But Bullish Momentum Holds Strong 🟡📉*
After hitting a historic peak of *4,380/oz*, gold has eased by *1.84,250/oz*. Despite the minor dip, the metal remains in a powerful uptrend — up *16.6% over the past month* and a staggering *56% year-over-year*.
*💡 What’s Fueling the Trend:*
• Expectations of a *Fed rate cut*
• Continued *weakness in the U.S. dollar*
• Aggressive *central bank gold buying*
• Ongoing demand as a *hedge against inflation and geopolitical risk*
This slight pullback reflects *healthy profit-taking* after a sharp run-up, not a reversal in trend. The long-term outlook remains *firmly bullish*, supported by strong macro tailwinds and increasing global demand for tangible, safe-haven assets.
*🔭 Outlook:*
Gold continues to be a top choice for investors navigating uncertainty — with potential for further gains once consolidation ends.
#Gold #XAUUSD #MacroMoves #SafeHaven #PowellRemarks #InflationHedge $BNB
