“Gold Seen Cracking $1,600 as Fed Goes for Cut, Cut, Cut, Cut”
January 1, 2021
“Gold will surge above $1,600 an ounce as the Federal Reserve embarks on a quartet of interest rate cuts to combat slowing U.S. growth… Bullion will benefit as the Fed opts for four, 25 basis point cuts between this month and June 2020, Harry Tchilinguirian, head of commodity research, said in a note. As nominal yields fall with each reduction, “real rates will move and stay in negative territory, raising the appeal of holding gold,” he said…”
https://finance.yahoo.com/news/gold-top-1-600-fed-015705429.html