Gold Rises Above $4,080 as Dollar Weakens and Fed Hike Expectations Cool
Updated
Updated · Devdiscourse · Jun 26
Gold Rises Above $4,080 as Dollar Weakens and Fed Hike Expectations Cool
3 articles · Updated · Devdiscourse · Jun 26
Summary
$4,080 gold regained ground on Friday, extending a rebound after a weaker dollar and softer expectations for further U.S. rate hikes lifted demand.
ETF buying and purchases by stablecoin issuers have been the main force behind the broader gold surge, IMF chief economist Pierre-Olivier Gourinchas said.
Central banks are not materially increasing gold reserves, he said, arguing the rally does not yet signal a meaningful shift away from the U.S. dollar.
The dollar still anchors global trade, banking and reserve holdings despite tariff-driven changes in trade flows, leaving de-dollarization signs limited for now.