# MacroMarkets

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#GoldPrintsNewATH Gold Enters a New Price Discovery Phase
Gold has officially surpassed its previous all-time highs and moved into a fresh price discovery cycle, with spot prices trading near $4,506 per ounce. This breakout represents one of the strongest structural rallies in modern gold market history and reflects deeper shifts in global capital allocation.
Key Drivers Behind Gold’s Historic Move
1. Monetary Policy Outlook
Market expectations for U.S. Federal Reserve rate cuts in 2026 have strengthened gold’s appeal. Lower interest rates reduce the opportunity cost of holding non-yielding as
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