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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The world’s gold supply increases by 2,600 tons per year versus the U.S. steel production of 11,000 tons per hour.
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