Market Prices in One Fed Rate Hike for H2 2026, Galaxy Securities Says Gold May Rebound if Tensions Ease

According to Galaxy Securities research released today (June 22), the market has fully priced in one Federal Reserve rate hike in the second half of 2026 for gold prices. The research notes that if Middle East tensions ease and oil prices decline in H2 2026, market expectations for softer Fed policy could drive gold prices higher. The firm also cited long-term de-dollarization trends and increased central bank gold purchases as supporting factors for sustained gold appreciation.
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