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Gold gains as traders bolster Fed cut bets after Bessent remarks
Gold advanced as traders reinforced bets of interest-rate cuts by the Federal Reserve after Treasury Secretary Scott Bessent urged the central bank to lower borrowing costs. Bessent made his most explicit call yet for the Fed to execute a cycle of interest-rate cuts, suggesting the central bank’s benchmark ought to be at least 1.5 percentage points lower than it is now. His comments boosted speculation that Fed will reduce rates next month, with some wagers pointing to a jumbo-sized cut. Bullion typically benefits in a lower-rate environment as it pays no interest. Meanwhile, the Trump administration is considering ... (full story)
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From @financialjuice|Aug 13, 2025Fed's Goolsbee: It is entirely possible to cut in anticipation if you think inflation is on a path to 2%, then stop or hike if information contradicts. FED'S GOOLSBEE: FED'S FALL RATE-SETTING MEETINGS WILL ALL BE LIVE SOME JOB MARKET DATA SHOW IT'S SOLID, SOME SHOW CONCERNS FED WOULD NEED TO CUT RATES IF LABOR MARKET IS DETERIORATING; NOT SURE THAT'S WHAT'S HAPPENING NEED MULTIPLE MONTHS OF FAVORABLE INFLATION READING TO…
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- Aug 13, 2025 3:30pm Posted byFundamental Analysis281
- From tickmill.com|Aug 13, 2025