business π° Gold rally returning? Key signs emerge
The 'debasement trade' is nearing its one-year mark, sparked by a dovish signal from Chair Powell on August 22, 2025. This trend is seeing renewed price increases for gold following the Fed's dovish surprise on July 29. Geopolitical tension and Fed surprises remain major catalysts for this trade. Notably, gold's correlation with the S&P 500 has dropped, suggesting retail buyers may have exited. The market is now closer to gold behaving like a safe haven asset again. π