{"id":66309,"date":"2026-08-11T00:08:18","date_gmt":"2026-08-11T04:08:18","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/gold-rallies-on-fed-pivot-hopes-anthropic-eyes-trillion-dollar-ipo\/66309\/"},"modified":"2026-08-11T00:08:18","modified_gmt":"2026-08-11T04:08:18","slug":"gold-rallies-on-fed-pivot-hopes-anthropic-eyes-trillion-dollar-ipo","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/gold-rallies-on-fed-pivot-hopes-anthropic-eyes-trillion-dollar-ipo\/66309\/","title":{"rendered":"Gold Rallies on Fed Pivot Hopes; Anthropic Eyes Trillion-Dollar IPO"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/metal\/gold\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">Gold prices<\/a> surged past $4,300\/oz<\/strong> as markets price in a 98% probability of a Federal Reserve rate cut following a shift in monetary policy expectations.<\/li>\n<li><strong>Anthropic is targeting a $1 trillion valuation<\/strong> for its upcoming IPO, reporting a massive revenue surge to a $47 billion annualized run rate as of May 2026.<\/li>\n<li><strong>Donald Trump\u2019s foreign licensing income jumped 71% to $59.5 million<\/strong> in 2025, with over 60% of the revenue driven by luxury projects in the Gulf region.<\/li>\n<li><strong>Hong Kong is expanding &quot;Big Bang&quot; tax reforms<\/strong> to include proprietary trading firms like Jane Street and Citadel Securities to bolster its status as a global financial hub.<\/li>\n<li><strong>Iran\u2019s new Supreme Leader, Mojtaba Khamenei,<\/strong> has signaled a hard-line stance against the U.S., complicating diplomatic efforts amid ongoing strikes in the Middle East.<\/li>\n<\/ul>\n<h2>Global Markets and Commodities<\/h2>\n<p><strong>Gold (XAUUSD:CUR)<\/strong> prices have gained significant momentum, recently trading near <strong>$4,345 per ounce<\/strong> after a sharp 7% weekly rally. The advance is primarily driven by a <em>dovish repricing of Federal Reserve expectations<\/em> following weaker-than-expected employment data and easing inflation concerns. Central banks, led by the <strong>People&#39;s Bank of China<\/strong>, continue to accumulate reserves at an unprecedented pace, providing a structural floor for the precious metal regardless of speculative volatility.<\/p>\n<p>While the macro backdrop remains challenging due to high bond yields, analysts at <strong>Goldman Sachs (<a href=\"\/stock\/GS\">GS<\/a>)<\/strong> have reiterated a year-end price target of <strong>$5,400\/oz<\/strong> for 2026. This bullish outlook is supported by a 12-month moving average of central bank purchases now estimated at <strong>50 tons per month<\/strong>. Investors are increasingly viewing gold as a critical hedge against rising government debt and the potential for further currency depreciation.<\/p>\n<h2>Artificial Intelligence and IPOs<\/h2>\n<p>AI safety pioneer <strong>Anthropic<\/strong> is shoring up investor confidence ahead of what could be a historic public debut in late 2026. The company recently closed a <strong>$65 billion Series H round<\/strong>, bringing its private valuation to <strong>$965 billion<\/strong>, effectively leapfrogging rival <strong>OpenAI<\/strong>. Anthropic\u2019s revenue growth has been described as the fastest in venture capital history, climbing from an $87 million run rate in early 2024 to nearly <strong>$47 billion<\/strong> by mid-2026.<\/p>\n<p>The company&#39;s &quot;Claude Code&quot; tool has been a primary driver of this growth, crossing a <strong>$2.5 billion run rate<\/strong> within months of its launch. However, the firm faces significant headwinds, including a recent <strong>U.S. government order<\/strong> to disable foreign access to its most advanced models, &quot;Mythos&quot; and &quot;Fable 5,&quot; citing national security concerns. Investors are closely watching how these regulatory pressures and high compute costs will impact the company&#39;s path to its first operating profit.<\/p>\n<h2>Geopolitics and Policy<\/h2>\n<p>In the Middle East, the appointment of <strong>Mojtaba Khamenei<\/strong> as Iran\u2019s Supreme Leader has signaled a period of intensified friction with the United States. Following the death of the previous leader in joint U.S.-Israeli strikes, the new leadership has dismissed recent peace memorandums as &quot;worthless.&quot; This hard-line stance comes as the <strong>Strait of Hormuz<\/strong> remains a flashpoint for global energy markets, with Iran threatening to disrupt oil flows in response to continued U.S. airstrikes.<\/p>\n<p>Simultaneously, financial disclosures reveal that <strong>President Donald Trump\u2019s<\/strong> foreign real estate licensing business boomed during his first year back in office. Projects in the <strong>UAE, Saudi Arabia, and Qatar<\/strong> generated the bulk of the <strong>$59.5 million<\/strong> in licensing fees. Specifically, Saudi-linked <strong>Dar Al Arkan<\/strong> and Dubai-based <strong>Damac<\/strong> contributed <strong>$25.8 million<\/strong> and <strong>$11.3 million<\/strong>, respectively, raising fresh ethics scrutiny regarding the intersection of private business and foreign policy.<\/p>\n<h2>Regional Financial Reforms<\/h2>\n<p><strong>Hong Kong<\/strong> is moving forward with aggressive tax reforms to reclaim its position as Asia\u2019s premier financial center. The government is considering extending tax exemptions on performance-related pay to staff at proprietary trading firms, including <strong>Citadel Securities<\/strong> and <strong>Jane Street<\/strong>. This &quot;Big Bang&quot; overhaul aims to lure top-tier talent away from rival hubs like Singapore and New York by offering a <strong>0% effective tax rate<\/strong> on qualifying carried interest and performance fees.<\/p>\n<p>The reforms coincide with a period of renewed momentum for the territory, which saw <strong>total assets under management (AUM) rise 20%<\/strong> to record highs in the previous year. By resolving legal ambiguities that previously drove alternative asset managers to other jurisdictions, Hong Kong officials hope to trigger a significant influx of global capital. The proposed changes would allow profits from a wider range of investments, including private credit and family offices, to benefit from the new tax framework.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Gold prices surged past $4,300\/oz as markets price in a 98% probability of a Federal Reserve rate cut 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