US Federal Reserve member Kashkari & Gold
US Federal Reserve member Kashkari declares that there will be only one rate cut this year and it will happen in December.
An interest rate cut by the Federal Reserve is generally considered bearish for gold.
However, Kashkari's statement that there will only be one rate cut this year, and it will happen in December, could be seen as slightly bullish for gold in the short term. This is because it suggests that the Federal Reserve is not planning on aggressive rate cuts, which could help to support the price of gold.
An interest rate cut by the Federal Reserve is generally considered bearish for gold.
However, Kashkari's statement that there will only be one rate cut this year, and it will happen in December, could be seen as slightly bullish for gold in the short term. This is because it suggests that the Federal Reserve is not planning on aggressive rate cuts, which could help to support the price of gold.
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