Gold Stays Resilient in the Face of the Fed’s “Higher-For-Longer” Narrative: CME MKS PAMP

Gold remains resilient despite U.S. rate hikes and the Federal Reserve’s narrative, as global governments accumulate it amidst growing economic and geopolitical uncertainties. Joseph Stefans from MKS PAMP highlights gold’s enduring appeal beyond just being a safe haven. Its role in diversifying from local currencies and countering economic uncertainties keeps it in demand. With some nations favoring gold over U.S. debt, the precious metal might see long-term support, presenting potential advantages for gold in the coming years.