Gold recovered on Wednesday as investors stuck to expectations of interest rate cuts by the Federal Reserve. This sentiment supported the price of the precious metal, which is often seen as a hedge against inflation in a lower-rate environment. Analysts note that lower rates will make holding non-yielding assets like cash less attractive and push investors toward riskier, but potentially more profitable, instruments, including gold. Meanwhile, some experts are calling for caution, pointing to economic uncertainty and potential risks.
