The Fed cut the interest rates at the end of July. As the previous easing cycle started in September 2007, many analysts are saying that the current year looks more and more like 2007. We invite you to read our today’s article that compares the current year with 2007 and find out what are the implications for the gold market. The recent Fed’s interest rate cut has been the first such since December 2008, when the U.S. central bank slashed the federal funds rate to almost zero. However, the Fed started its previous easing cycle in September 2007, when it cut interest rates by 50 basis points amid the severe slump in ... (full story)