What US Fed rate cut and escalating tensions in Middle East means for gold prices
- Posted on September 22, 2024
- By Business News Today
- 2 Views
What US Fed rate cut and escalating tensions in Middle East means for gold prices
The Federal Open Market Committee lowered the federal funds rate to a range of 4.75% to 5%, for the first time in four years and hinted that more cuts are likely before the end of the year. The Fed also noted that its goal is to keep inflation under control without hindering the job market
