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Fed rate cuts

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Gold’s Bull Rally Continues as Interest Rates Get Deep Cuts

Leave a Comment / All time high, Bitcoin, Bull Market, Crypto, Crypto Hacked, Cryptocurrency, Ethereum, Fed rate cuts, gold, Markets and Prices, Predictions / / / , , , , , , ,

The gold bull rally continued this Wednesday, as prices in COMEX reached all-time highs, surpassing $2,625 per ounce. Prices slingshotted up after the Federal Reserve announced larger interest rate cuts than some economists expected, lowering the rate by 50 basis points. This behavior had already been predicted by several analysts and institutions, who also expect […]

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UBS Expects Higher Gold Prices as US Dollar Weakens — ‘Gold’s Rally Has Further to Run’

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Global investment bank UBS predicts continued pressure on the U.S. dollar and further gold price increases. “We expect the U.S. dollar to stay under pressure as yield differentials narrow,” UBS explained, adding: “Gold’s rally has further to run.” UBS highlighted that gold has gained over 24% this year, driven by increased investment demand, and expects

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