Analyst reveals why gold at $3,353 could hit $3,500 despite dollar strength
Key Points
- Gold is currently priced at $3,353 per ounce, drawing attent...
Gold is sitting pretty at $3,353 per ounce, which is roughly the price of a decent used car – except this particular asset won't depreciate the moment you drive it off the lot. While that's slightly down from recent peaks, it's still playing in the financial big leagues, and here's why everyone from nervous hedge fund managers to your conspiracy-theorist uncle is paying attention.
The Fed's Rate Cut Dance
The August 12 inflation data showed a 2.7% annual CPI increase, which in Fed-speak translates to "maybe we should ease up on these interest rates." Think of it like your gym routine – w...
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