Why Is Rate Cut Despair Sending Gold Skyward? | Presented by CME Group
April 15, 2024
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0:42Now PlayingWhy Is Rate Cut Despair Sending Gold Skyward? | Presented by CME Group
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as posted by the channelSince January, interest rate market expectations of Fed rate eases in 2024 have dropped from six cuts to a mere two or three. While that’s a significant news for the overall economy, of equal significance has been the impact on commodity markets. Given that gold isn't an interestbearing asset, rate cut delays should have been terrible news for the precious metal. Instead, gold has been soaring, hitting a record high in March. What’s the reason for gold’s unexpected reaction?| Presented by @cmegroup
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