Gold is on track for its best month since 1982, driven by increasing expectations that a hawkish chairman might be appointed to the Federal Reserve. Although gold prices fell by more than 4% on Friday due to these rumors, geopolitical and economic uncertainty led investors to seek gold as a safe-haven asset, propelling it towards a strong monthly gain.
Meanwhile, despite a rebound in the dollar, markets are anticipating interest rate cuts in 2026. A stronger dollar makes gold more expensive for foreign buyers. Furthermore, silver prices, while falling after reaching record highs, have also registered significant gains this month.
