Rate cut in September? Wall Street analysts interpret the Fed's decision: not so absolute.
The Federal Reserve has sent a message to the public that they do not want investors to be certain that they will cut interest rates by 25 basis points in September, because there is still more economic data to consider before September.
Powell Doves + Middle East Tensions Gold Sets New Historic High on Wednesday's Closing.
The most active gold futures in trade rose on Wednesday and reached a historic high at the close, due to the increased tensions in the Middle East and the signal of a rate cut from the Federal Reserve.
Another big impact tonight! The biggest point of interest is how the Federal Reserve will express its position on the interest rate cut in September.
The market is starting to bet on the yield curve returning to normal.
Wall Street Remains On Track For AMD-Led Rebound Ahead Of Fed Decision, Meta Earnings: Analyst Says 'The Bull Tends To Remain' Despite Near-Term Volatility
Northeast Securities: Interest rate reduction transactions are nearing the end, with short-term fluctuations in gold prices and long-term value configuration highlights.
In the short term, interest rate cuts still have some trade value, but they are also nearing the end. Before the market finds new trading directions, there may be a stage of logic vacuum. At the same time, Harris' candidacy may add uncertainty to the election, thereby affecting Trump's trade. The short-term volatility of gold prices may increase.
Middle East tensions have triggered a safe-haven demand, and gold has surged to nearly historical highs at $2400.
Boosted by safe-haven demand, gold futures soared on Tuesday.
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dollar. There are so many factors providing a tail wind for gold some obvious like the oil price some not so obvious but definitely in play like China, Russia and the Saudi,s toying with a new currency to do business with and buying bulk gold possibly to bankroll it off . Their has to be a great recipe for gold and your insight is definitely part of it
RiotMaraMan : You are not investing...you are trading or day trading.
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sschevyrob00 OP RiotMaraMan : I don't day trade not on that level most of my stocks are long term and a very few are possible short squeeze plays, like I said still learning and trying different things...
Meta Moo : Don't forget: P/L details, a GIF, and at least 30 words are necessary for reward eligibility.
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Meticulous Trader : Take profits don’t let home run money turn into losers and keep losses small be meticulous , health and happiness is more important then money