September 21, 2024

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

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Gold’s Bull Rally Continues as Interest Rates Get Deep Cuts
Gold’s Bull Rally Continues as Interest Rates Get Deep CutsThe 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 […]