[Analyst Says Rate Cut Expectations and Safe-Haven Demand Boost Gold Prices]
Boosted by dovish remarks from Federal Reserve officials raising rate cut expectations and heightened safe-haven demand due to tensions in Venezuela, gold prices hit a one-week high on Tuesday. Tastylive Global Macro Director Ilya Spivak stated that the Federal Reserve officials' comments have not changed market judgment, with this week's key data being Friday's employment report. Federal Reserve's Kashkari mentioned that inflation is slowing down gradually, but there is a risk of a 'sudden rise' in unemployment, increasing the likelihood of rate cuts. Investors anticipate at least two rate cuts this year. Spivak pointed out that the U.S. and Venezuela events highlight the trend of de-globalization.