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Gold's an 'All-Weather Hedge Against Whatever Happens Next' as Fed Decision Nears
On the eve of the September interest rate meeting, a report ignited expectations of a 50 basis point interest rate cut, causing stocks, gold, and bitcoin to all rise.
"New Federal Reserve Communications Agency" article stated that Federal Reserve officials are considering whether to cut 25 or 50 basis points. Futures linked to the Federal Reserve's policy rate indicate that traders on Friday expect the probability of a 50 basis point rate cut by the Federal Reserve to rise to 47%, with a close to 50/50 chance, while the probability estimated on Thursday was only 28%.
US MOVERS&SHAKERS Sep 09-Sep 13, 2024
CCORF Maintains Kinross Gold(KGC.US) With Buy Rating, Raises Target Price to $12.14
Canaccord Genuity Remains a Buy on Kinross Gold (KGC)
Is Kinross Gold Corporation (KGC) A Good High Risk High Reward Growth Stock To Buy?
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