Gold, Silver Rally As Traders Price '98% Probability' of Sept Rate Cut

July 17, 2024

In a year that began with expectations of rate cuts that haven't yet come, it's increasingly appearing that the wait may be coming to an end.

Because as of Tuesday morning, the futures market is now pricing in a 98% probability of a rate cut by the September meeting.

Arcadia Economics

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It is estimated that the total amount of gold mined up to the end of 2011 is approximately 166,000 tonnes.
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