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Precious metals surge to fresh highs as Fed cuts add fuel

From home.saxo

Gold, silver, and platinum have continued their rapid ascent following last week’s widely anticipated FOMC rate cut, a move that initially sparked some profit-taking but has since unleashed renewed demand. The breadth and speed of the rally raise questions about its near-term sustainability, yet several factors beyond simple momentum and fear of missing out explain why investment metals remain in such strong demand. Gold has broken through to a fresh record near USD 3,800, effectively meeting a technical objective derived from its September 1 breakout after a month-long consolidation. The speed of the move ... (full story)

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  • Category: Fundamental Analysis