Will Powell Cut Interest Rates, Triggering Gold Rally?

From sunshineprofits.com

Yesterday we wrote about Draghi, so today Powell is our hero. Only one week separates us from the pivotal FOMC meeting. What should gold investors expect? In a week, the Fed may deliver its first interest rate cut since 2008. Given the market odds, the move is practically a foregone conclusion. Futures traders assign a 100-percent probability of a cut. The bone of contention is the size of the reduction: there are 76.5-percent chances of a standard 25-basis point cut and 23.5-percent odds of a 50-basis point slash. As Powell did nothing to alter these expectations, the U.S. central bank now has to deliver a cut, if ... (full story)