The precious metals market saw significant gains on Thursday, with gold hitting record levels after the Federal Reserve announced the start of its interest rate easing cycle. The Fed’s decision to cut rates by half a percentage point, coupled with projections of additional cuts through 2026, has bolstered gold’s attractiveness as an investment, pushing prices above $2,580 per ounce.
Source link
Fed Rate Cut Propels Gold to New Record Highs
Date:
More like thisRelated
Anil Ambani’s Reliance Infrastructure to raise over Rs 6,000 crore
MUMBAI: Anil Ambani's Reliance Infrastructure is looking to...
SpaceX sends letter to Congress contesting proposed FAA fines
SpaceX has taken its dispute with the U.S....
Slime Mold Can Teach Us About the Cosmic Web
Computers truly are wonderful things and powerful but...
Plants Would Still Grow Well Under Alien Skies
Photosynthesis changed Earth in powerful ways. When photosynthetic...