The anticipation of lower rates, which are seen as beneficial for assets like gold that do not yield interest, has contributed substantially to the precious metals market.
At the end of the Fed's meeting Wednesday, rate cuts are expected to start a potential easing cycle, with cumulative cuts forecasted to reach at least 100 basis points by year's end.
Amidst this financial turbulence, gold's ascent wasn't the only noteworthy movement; platinum and silver futures also experienced a lift.
The combination of economic and geopolitical uncertainties is playing a significant role in driving both seasoned and novice investors toward the security of gold.
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