Gold bulls ride shifting Fed bets as miners surge

Gold rebounded as rate-hike expectations cooled after tame inflation, with bullion and gold mining stocks posting strong weekly gains. Central-bank buying, especially by China, and sustained physical demand underpin prices, while ETF flows into GLD and the cheaper GLDM attract investors. Analysts say the move is tactical rather than fear-driven, though volatility remains ahead of Jackson Hole and evolving Fed signals. Technically, gold’s break above the 50-day moving average suggests potential for further upside, with miners offering leverage but higher risk.