Trader who called Fed pivot reveals why gold at $3,700 is just the beginning
Key Points
- Gold recently surged to $3,700 as the Fed signals rate cuts,...
Gold just hit $3,700 on September 22nd, and if you're wondering whether you missed the boat, consider this: the precious metal has now outperformed most tech stocks this year while everyone was busy arguing about AI valuations.
The Federal Reserve basically threw gold bulls a birthday party by signaling two more rate cuts before year-end. When the central bank that spent months talking tough about inflation suddenly goes soft, you know something shifted. Chair Jerome Powell's recent "wait-and-see" approach translates to "we might have gotten a little carried away with the hawkish talk." This ...
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