Gold price may slip if Fed cuts only 25 bps, Goldman says, but still sees eventual rally

0


Sep. 17, 2024 5:55 PM ETSPDR® Gold Shares ETF (GLD), GDXIAU, SLV, SIL, SGOL, SIVR, GDXJ, PHYS, PSLV, NUGT, OUNZ, SILJ, BAR, GLDM, AAAU, XAGUSD:CUR, XAUUSD:CURBy: Carl Surran, SA News Editor

monsitj/iStock via Getty Images

Gold futures fell Tuesday, with investors backing off the metal a day ahead of the Federal Reserve interest rate decision, apparently on whether to cut rates by 25 or 50 basis points.

The anticipation lifted gold last week, with J.P. Morgan saying



LEAVE A REPLY

Please enter your comment!
Please enter your name here