Fed Rate Cuts to Push Gold up 20%

[@take-a-break6758]

Thank you for useful information 👍

[@dronedebrief]

So nice of you

[@indivisibleman8596]

There won't be any cuts

[@johnnyboy8132]

Your under the impression that these decisions are rational. Clown world reigns and it’s an election year. The fed will do what their told and lower rates

[@Eli-qr9hc]

Indeed, and last month there was talk of having two or three interest rate cuts for 2024, and now there’s talk that there won’t be any but even if there aren’t any interest rate cuts and it remains the same that will still weaken the Dollar, and push Precious Metals higher

[@johnnyboy8132]

They’ve already reduced QT, QE incoming by Q3

[@waltertodd4479]

There won't be any rate cuts soon. Coming up the treasury has to refinance lots and lots of US debt. WHO WILL BE AROUND TO PURCHASE ALL THAT DEBT? CHINA? Not anymore. The only way Treasury will find buyers for all that debt is to raise interest rates.

[@dronedebrief]

The main argument for cuts is its an election year. Juice the economy and deal with the consequences later. Even with rate increases I don't think Treasury will find enough buyers to fund the gov long-term. As you said, China won't buy it, they're buying gold. Saudis won't buy it. They're all getting behind BRICS. Eventually the Fed will have to choose inflation through money printing, and abandon its 2% rate target IMHO.