The Fed cut interest rates and expected a rise in gold above 1340, up nearly $10

category:Finance
 The Fed cut interest rates and expected a rise in gold above 1340, up nearly $10


Suki Cooper, a precious metals analyst at Standard Chartered Bank, said that the initial rise in gold prices was due to trade tensions, and then fears of a recession or a slowdown in the U.S. economy helped boost market expectations of a rate cut by the Federal Reserve in July.