Understanding the Market | Most Gold Stocks Rise as the Federal Reserve Cuts Interest Rates as Expected; In the Early Stages of the Rate Cut Cycle, Gold Prices May Continue to Fluctuate and Trend Upward
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Most gold stocks rose, with LINGBAO GOLD up 4.74%, ZHAOJIN MINING up 4.5%, CHI SILVER GP up 4%, and SD GOLD up 2.97%. The Federal Reserve lowered interest rates by 25 basis points as expected, amid slowing economic growth, decelerating job growth, rising unemployment rates, and high inflation. Analysts believe that in the early stages of the rate-cutting cycle, gold prices will continue to fluctuate upward, and the market will focus on re-inflation risks, making gold more attractive in the early stages of the rate-cutting cycle
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