It was widely expected that the Federal Reserve would cut interest rates again this month but, there are signs this might not happen – meaning there is a window of opportunity to buy gold if you haven’t yet made the move.
A two-day policy meeting will conclude with an announcement later today – but contrary to earlier predictions, the market’s expectation of a rate cut is 50% lower that it has been.
This is good news if you want to buy now because it means we could see gold prices drop a little following a summer-long bull. It’s been a rollercoaster of a summer for the markets thanks to the ever-present shadow of recession, so their sigh of relief could translate to a great opportunity for you to buy now.
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