Gold price continues its intraday climb above $2,750, despite the US dollar showing modest strength.

Gold Price Extends Rally Beyond $2,750 Amid Safe-Haven Demand and Fed Rate Cut Speculation

Gold price (XAU/USD) maintains its bullish momentum for the third consecutive day, climbing past the $2,750 mark during Wednesday’s Asian session. This marks its highest level since early November, fueled by escalating safe-haven demand following US President Donald Trump’s tariff threats. Additionally, growing expectations of two Federal Reserve (Fed) rate cuts this year further bolster the non-yielding precious metal’s appeal.

Despite a broadly risk-on market sentiment, Gold continues to shine, shrugging off a modest recovery in US Treasury bond yields and a slight uptick in the US Dollar (USD) from its two-week low. The recent breakout above the $2,720 resistance zone signals strong bullish momentum, enhancing prospects for further gains in the near term.

For traders and investors Stay tuned for more updates on key market drivers shaping Gold’s trajectory.