Gold prices rise as Kevin Warsh remarks dampen expectations for Fed rate hikes
- 1The probability of a 0.25%p rate hike fell below 20% following remarks from Chair Kevin Warsh.
- 2Spot gold prices rose to record 4,173.59 dollars.
- 3ANZ forecasts that while gold price increases will be limited in the short term, they will exceed 5,000 dollars per ounce in 2027.
So what's the key point?
Gold prices rose because the likelihood of interest rate hikes decreased. ANZ expects gold prices to go above 5,000 dollars in 2027.
Source Investing.com · View original ↗
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