Multiple Factors Support the Precious Metal RallyPrior to this current rally, the precious metal has been supported by a combination of factors like expectations of Fed rate cuts and “increased central bank purchases amid a global de-dollarization trend,” Reuters reported.Since gold is dollar-denominated, any weakness in the greenback tends to be supportive, and since the dollar has dropped sharply since January 19, we have to conclude that it has been a major driving force behind the gold rally. Of particu ...