🚨 Impact on Gold and Safe-Haven Assets🚨 🌟 Gold prices have hit a fresh all-time high of $2,589.78 per ounce due to expectations of a Fed rate cut. The recent inflation data, including moderate increases in the consumer price index (CPI) and producer price index (PPI), has "set the stage" for a 25-basis-point cut. 🏆 Michael Armbruster from Altavest noted that these inflation metrics, aligned with forecasts, support the likelihood of a moderate rate cut. Investors are flocking to gold as a safe-haven asset, leading to its 34th all-time high this year. 📈 Analysts suggest that further gains are possible if the Fed opts for a larger cut(Expected Range Could be: $2640-$2680)?. As lower rates reduce the opportunity cost of holding gold(Expected Range Could be :$2499-$2430)?, making it more attractive to investors seeking stability.