Gold prices dropped following the Federal Reserve’s decision to hold interest rates steady at 4.25% to 4.5% during its July meeting.
Strong U.S. economic data, including better-than-expected GDP growth and solid job numbers, suggest rate cuts may be delayed this year.
Fed Chair Jerome Powell emphasized the need to watch the effects of tariffs before making any changes.
Meanwhile, ongoing trade talks between the U.S. and China offer a cautiously optimistic outlook for the markets.
Original Source: CNBC
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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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Silver to $39.50: Up 9.4% Past 30 Days
