China International Capital Says Gold Bull Market Intact as Fed Rate Cuts Likely by Late 2026

XAU1.02%
According to a China International Capital research report, U.S. inflation is likely to peak this summer, with labor market cooling and Fed policy unlikely to shift toward tightening. As geopolitical and inflationary pressures ease in the second half, rate cuts could come sooner than market expectations, driving dollar liquidity expansion and supporting gold and equities. China International Capital concluded that the gold bull market remains intact.
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