The US Federal Reserve is expected to cut interest rates again this month, a move that is likely to continue weakening the dollar, and could prove positive for gold. Gold has been on a phenomenal run, gaining more than 50 per cent in the past year, hence many investors wonder what can propel it even further. Lower interest rates are one factor that should support it, along with strong demand from central banks and investors. The Federal Reserve trimmed its benchmark fed funds rate by a quarter of a percentage point in September and is widely expected to cut it again on October 29 after weak jobs data in the US. It doesn’t seem the gold market is fully pricing in the...
Wednesday 15 October 2025
wn.com - 3 days ago
Gold has leaped 50% in a year, but can it go even higher?
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