Lower interest rates and the beginning of a rate cut cycle create a favorable environment for gold, as it becomes more attractive compared to yield-bearing assets.

“the cheaper the cost of money it's better for gold”

Current inflation numbers are a lagging indicator, and forward-looking factors like interest rate hikes and consumer behavior suggest inflation will decline.

“everybody was saying inflation you know inflation is here to stay forever remember when when we report on core cpi it's what happened last month it is not a forward-looking indicator so we peaked in core cpi”