🚨 #HEADLINE : Augmont (on gold):
⚫️ Possible rate cuts or a prolonged dovish stance from the Fed and other central banks would support gold prices by lowering the opportunity cost of holding non-yielding assets.
⚫️ Ongoing geopolitical tensions and risks of further escalation continue to drive demand for gold as a safe-haven asset.
⚫️ Rising fiscal deficits and potential US dollar weakness may increase concerns about fiat currency depreciation, making gold more attractive as a store of value.