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How Will Fed Rate Cuts Impact Gold and Silver?
From moneymetalsexchange.substack.com
The Federal Reserve is expected to cut interest rates by at least a quarter percent this week, dropping its federal funds rate to between 4 and 4.25 percent. What will that mean for gold and silver? The metals have already gotten a boost from rate cut expectations, so there won’t likely be much effect from the cut itself. That has already been built into the price. The messaging coming out of the FOMC meeting will primarily drive market reaction after the meeting. If Powell hints that more cuts are in the pipeline, gold and silver will likely rally further. But if Powell & Company suddenly turn more hawkish and hint ... (full story)