Gold hits $3,365 while traders price in 94% Fed cut probability
Key Points
- Gold is currently trading at $3,365, boosted by expectations...
Gold is currently strutting around at $3,365 like it owns the place, and honestly, it might just be right. With the Federal Reserve apparently ready to cut rates in September (traders are betting 94% certain - those are better odds than finding a parking spot at the mall during Christmas), the yellow metal is having what you might call a confidence moment.
The U.S. dollar has been looking as weak as that gym membership you bought in January, which traditionally makes gold more attractive to investors seeking refuge from monetary madness. But here's where things get interesting: while everyone...
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