Gold holds at $4,000 — but are markets ignoring the real risks?

With rate cuts on both sides of the border, markets are flying blind. The Federal Reserve trimmed rates to 3.75–4% but gave no clear signal on what’s next, while Canada’s central bank followed suit at 2.25%. Portfolio manager Rebecca Teltscher of Newhaven Asset Management says investors are “going in blind” amid missing data, stretched valuations, and speculation driving markets. She breaks down what this uncertainty means for gold, mining stocks, and the next big move in the dollar.