Gold prices climbed above the US$4,300 per ounce threshold for the first time since mid-June, signaling a robust continuation of the precious metal's recovery rally.
The move, reported by multiple wire services including Handelsblatt and The Globe and Mail, underscores a decisive shift in market sentiment as traders abandon recent bearish positioning in favor of safe-haven assets.
The surge reflects growing investor confidence that the Federal Reserve will maintain a dovish stance on interest rates.
With inflation pressures easing and economic data suggesting a softer landing, market participants are increasingly pricing in further rate cuts in 2026.
This macroeconomic backdrop has provided a strong tailwind for non-yielding assets like gold, which benefits from lower opportunity costs and heightened demand for portfolio diversification.
The rebound marks a significant departure from the sharp dip seen earlier in the week, when gold prices had retreated on profit-taking and a stronger US dollar.