Gold Price Today: Gold and silver prices trade flat post Fed's 50 bps rate cut
- Posted on September 19, 2024
- By Business News Today
- 3 Views
Gold Price Today: Gold and silver prices trade flat post Fed's 50 bps rate cut
Gold and silver were trading in a tight range in the early trading session and gained after hefty 50 basis points rate cuts by the U.S. Fed in its monetary policy meetings but were unable to hold gains after the FOMC press conference. The Fed funds rates are now in the range of 4.75%-5.00%.
