Gold is consolidating at $2,310 per ounce influenced by mixed factors including monetary policy optimism for rate cuts but countered by rising bond yields and inflation concerns.
Market confidence in rate cuts confronts fears of inflation due to economic acceleration, potentially diverging from targets, impacting 10-year bond yields and gold investments.
Wall Street is divesting from gold despite rate cut prospects, increased central bank bullion purchase speed, and East Middle East conflict fears.
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