2024-09-25 21:16
Industry3 reasons there are still higher prices to come fo
The price of gold hit its highest ever on Monday, and UBS is looking for higher to come. Anal
1. The Federal Reserve's recent 50-basis-point rate cut has boosted enthusiasm for gold by reducing the opportunity cost of holding the non-yielding asset. This is expected to be the start of a larger easing cycle, with an additional 50 basis points of cuts likely in 2024 and 100 basis points in 2025. Lower interest rates may push investors toward gold as returns on cash decrease.
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3 reasons there are still higher prices to come fo
| 2024-09-25 21:16The price of gold hit its highest ever on Monday, and UBS is looking for higher to come. Anal
1. The Federal Reserve's recent 50-basis-point rate cut has boosted enthusiasm for gold by reducing the opportunity cost of holding the non-yielding asset. This is expected to be the start of a larger easing cycle, with an additional 50 basis points of cuts likely in 2024 and 100 basis points in 2025. Lower interest rates may push investors toward gold as returns on cash decrease.
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