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Gate Square New & Returning Creator Rewards are ongoing!
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#LADYS The Fed's rate cut in September is a sure thing, and the rate cut expectation has soared to 100%❗️
As the remarks of Federal Reserve officials have solidified expectations for a rate cut in September, investors have flocked to gold, a safe-haven asset, and Spot gold has hit a new all-time high.
Bart Melek, head of commodity strategy at TD Securities, said, 'Now the probability of a rate cut by the Fed in September has reached 100%, and Fed Chairman Powell's comments yesterday are pushing the gold market to pump.'
Phillip Streible, Chief Investment Strategist at Blue Line Futures, also said, 'We will see two interest rate cuts (during the year), one in September and one in December, as expectations for a September rate cut have risen to 100'.