50-Point Rate Cut Back on the Table — Gold Hits Record Highs The dollar weakened and gold reached a record high as investors reassessed the likelihood of a significant interest rate cut by the Federal Reserve next week. Reports from major financial publications suggested the decision could be closer than previously thought, causing a shift in market expectations. This led to a rally in stocks, Treasury prices, and commodities, while the dollar fell to its lowest point this year against the yen. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Experts' Inflation Consensus Shifts, Altering Election Dynamics READ MORE Study Finds Trump's Debt Contribution Twice That of Biden READ MORE Post-Biden Exit: Markets Seek Direction from Earnings and Economic Indicators READ MORE True Inflation May Have Peaked in Late 2022 READ MORE Gold Prices Stabilize as Focus Turns to Upcoming US Economic Indicators READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment