Reported 21 days ago
According to market strategist Phil Streible from Blue Line Futures, gold prices are currently factoring in a potential 50 basis point cut from the Federal Reserve, with forecasts suggesting a year-end target of $2,750 and a 12 to 15-month target of $3,000. He emphasizes the importance of a gradual rate reduction process to maintain investor confidence in gold, warning that a smaller cut could trigger a dip in prices.
Source: YAHOO