Gold hits $3,365 while traders bet 94% on Fed cuts - here's why
Key Points
- Gold prices surged to $3,365 per ounce as traders expect the...
Gold just crossed $3,365 per ounce, and apparently 94% of traders think the Fed is about to start cutting rates like they're trimming a hedge. Welcome to August 2025, where precious metals are having their moment and economists are second-guessing everything.
Here's the deal: traders are practically throwing money at gold because they're convinced Jerome Powell is going to slash interest rates in September. The math is simple - when rates drop, holding gold becomes less expensive than keeping your cash in a savings account that pays actual interest. It's like choosing between a mattress that ...
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