Trader who called $3,350 gold reveals why Fed's 67% rate cut odds spell profit
Key Points
- Gold has reached $3,350, and a potential Federal Reserve rat...
Gold just hit $3,350, and if you think that's expensive, wait until the Federal Reserve starts cutting rates next month. With fresh inflation data showing CPI at 2.7% and core inflation climbing to 3.1%, traders are now betting there's a 67% chance of a September rate cut – up from 55% just days ago.
When Interest Rates Play Hard to Get
Here's the beautiful irony of gold investing: the less money costs to borrow, the more expensive this shiny metal becomes. It's like dating – when everything else becomes too available, suddenly that hard-to-get option looks incredibly attractive. With th...
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