Federal Reserve Announces First Rate Cut in Over 4 Years
Today, the Federal Reserve announced their decision to cut interest rates by 50 basis points (0.5%), marking the first rate since the early days of the COVID-19 pandemic.
Federal Reserve rate cut
Gold Price Reaches New All Time High
Gold has surged to a new all-time high of over $2,555 per ounce, driven by economic uncertainties, expectations of a Federal Reserve rate cut, and increasing demand as a safe-haven asset. ING projects gold to average $2,700 by 2025, supported by geopolitical tensions, lower interest rates, and rising central bank purchases.