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| Name | Fed rate cut expectations are driving gold prices, strategist says |
| Video Uploader | Video From Yahoo Finance |
| Upload Date | This Video Uploaded At 12-03-2024 14:50:22 |
| Video Discription | Gold futures (GC=F) are pulling back from record highs on February's Consumer Price Index (CPI) reading, showing hotter-than-expected inflation seen in rising consumer prices. Wall Street is already beginning to speculate whether this data will add any delays on to the Federal Reserve's forecast for future interest rate cuts. State Street Global Advisors Chief Gold Strategist George Milling-Stanley joins Yahoo Finance to discuss the performance of gold, the latest CPI report, and how the latter may impact the Fed's monetary policy timeline. "We could easily be looking at a significant jump, tens of dollars, $50, something of that order," Milling-Stanley says on the influence of rate cuts on gold prices. "I don't know what it's going to do. I think it's more a case of anticipation of when that rate cut is coming that is going to be really the driver of the price going forward. " #yahoofinance #gold #youtube About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance |
| Category | News & Politics |
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