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What Happens to the Market When the Fed Cuts Rates

What Happens to the Market When the Fed Cuts Rates
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Economic Bulletin Issue 2, 2024

Economic Bulletin Issue 2, 2024
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Gold stays below key $2,000 level as markets temper Fed rate-cut bets

Gold prices lingered near a two-month low on Wednesday, trading below the key $2,000-per-ounce level, as a stronger-than-expected U.S. inflation report prompted traders to trim bets for deeper rate. -February 14, 2024 at 12:01 am EST - MarketScreener

Gold Slips Further Below $2,000 as Markets Temper Fed rate-cut Bets

Gold prices hit a fresh two-month low on Wednesday, sliding further below the key $2,000-per-ounce level, as a stronger-than-expected US inflation report prompted traders to trim bets for deeper rate cuts by the Federal Reserve. Spot gold fell 0.2% to $1,988.05 per ounce (Oz), as of 0825 GMT, hitting its lowest since Dec. 13. Bullion fell about 1.4% on Tuesday in its biggest daily decline since Dec. 4. US gold futures slipped 0.3% to $2,000.80/Oz.

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