Gold Surges on Renewed Federal Reserve Rate Cut Expectations | Metals Mine

  • Gold Surges on Renewed Federal Reserve Rate Cut Expectations

    From thegoldforecast.com

    Gold prices surged to the upper bound of their recent trading range on Monday, reaching as high as $4,126 per ounce amid growing optimism that the Federal Reserve will reduce interest rates at its upcoming policy meeting. The precious metal has been trading within a range of $4,000 to $4,125 in recent sessions, and renewed speculation about monetary easing has pushed prices toward the top of that band. With approximately 16 days remaining until the Federal Reserve's final policy meeting of the year, market participants are increasingly confident that the central bank will lower the federal funds rate from its current ... (full story)

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