Gold hit new record highs, peaking at $3,052.40 per ounce before settling at $3,049 (up 0.3%) after the Fed kept interest rates unchanged.
The Fed still expects two rate cuts this year but warned of greater economic uncertainty.
Gold has now risen for seven straight sessions, boosted by investors seeking safety during global tensions, continued buying by central banks, a weaker dollar, and falling Treasury yields.
Original Source: Wall Street Journal
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Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments, including precious metals, involve risk and may result in partial or total loss. No conclusion of any type or kind should be drawn regarding the future performance of investments offered or managed by us based upon the information presented herein. Performance information presented has been prepared internally (unless otherwise noted) and has not been audited or verified by a third party. Information on this page is based on information available to us as of the date of posting and we do not represent that it is accurate, complete or up to date. See our complete disclaimers for additional details.
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